As soon as Vietnam joined WTO, a wave of foreign investors arriving Vietnam to invest, which has made the economic targets on the direct investment shoot up. In which, the real estate has accounted for 50% of foreign invetsment in terms of both projects and total investment, therefore, the housing market has seen the dramatical prosperity. The FDI in the real estate field has considerably contributed to the urbanization and upgrading infrastructure. And the fact shows that most of the projects, large works and 5-star hotels in the big cities, etc have also related to foreign elements.
In addition to the positive aspects, the FDI in the real estate market has also brought many disadvantges. In the past 2 years, domestic and foreign investors have competed to switch to the real estate field with blown up values, which has caused speculations and vitual price fevers. This has made the domestic credit rocket and the economy has become too hot and has many potential risks. The fact of FDI pouring into the real estate field has also been the risk of the trade gap soaring in the future because investors have to import the materials to develop the projects. The real estate projects do not take part in export, which will cause difficulties for the foreign currency balance of Vietnam. The FDI is great while the infrastructure is weak, which will cause traffic jams and serious floods and increase the environmental pollution day by day, etc.
It is forecasted in 2009 that despite facing many difficulties from last year until now, many investors have still survived on the market.  It can be explained that the real estate investors have collected many profits from the property price fever in late 2007. However, the real estate market in 2009 will face many challenges. And there is a faint possibility that the market will warm up within the next year.