The headache issue is that most of real middle class concentrates in North Vietnam, or in people with North Vietnamese root living in the South.
The real estate price are skyrocketed by the investment of North Vietnamese people, not only billionaires but the average people, who are educated, work hard and have savings. This make country richer but the wealth are controlled by North Vietnamese.
In Đà Nẵng, Nha Trang, Phú Quốc, Hồ Chí Minh, etc. most big projects, if not all, are either from North Vietnamese investors or foreign ones. This is the problem.
People in the South keep complaining that Hanoi is exploiting them, but they do not want to accept that the investment and managing skills all come from the North. The South is rich in natural resource only.
As a Hanoian, I am not feeling proud of it. It poses the risk for the country in long term. The North can become industrialized and rich, but the South will look something like a version of the third world Phillipines, with very rich people and very poor people living together.
When a poor farmer from a Northern province immigrates to the South, within 10 - 20 years, he can build his big house, send his children to university, while his Southerner neighbours keep living in poverty, it is a cultural problem, and a big one.
The real estate price are skyrocketed by the investment of North Vietnamese people, not only billionaires but the average people, who are educated, work hard and have savings. This make country richer but the wealth are controlled by North Vietnamese.
In Đà Nẵng, Nha Trang, Phú Quốc, Hồ Chí Minh, etc. most big projects, if not all, are either from North Vietnamese investors or foreign ones. This is the problem.
People in the South keep complaining that Hanoi is exploiting them, but they do not want to accept that the investment and managing skills all come from the North. The South is rich in natural resource only.
As a Hanoian, I am not feeling proud of it. It poses the risk for the country in long term. The North can become industrialized and rich, but the South will look something like a version of the third world Phillipines, with very rich people and very poor people living together.
When a poor farmer from a Northern province immigrates to the South, within 10 - 20 years, he can build his big house, send his children to university, while his Southerner neighbours keep living in poverty, it is a cultural problem, and a big one.