Karl D. John | Hanoi | July 26

Asia Times - s Vietnam's explosive economic growth inflating a property bubble? Some Vietnam-based analysts think so judging by the number of new developments mushrooming across the country.

The 1997-98 financial crisis that hit other countries in the region such as Thailand, Indonesia and Malaysia had only a marginal impact on Vietnam, which had then only recently emerged from decades of economic isolation. Now, however, Vietnamese property developers are rapidly building new commercial and residential developments that some analysts contend have glutted the market. And there is no end in sight of new building projects.