Hanoi, June 1 -- Provincial mergers that make the number of provinces and cities in Vietnam reduce from 63 to 34 is not simply an administrative reform, but an opportunity to restructure the socio-economic space, said President of the Vietnam National Real Estate Association (VNREA) Nguyen Van Khoi.
The merger will bring huge space for urban development and have a positive impact on the real estate market, he said.
According to experts, the provincial mergers will accelerate the urbanisation rate. The real estate market in the Capital Region is expected to have a strong transformation.
The Capital Region, including Hanoi and nine neighbouring provinces of Hai Duong, Hung Yen, Vinh Phuc, Bac Ninh, Ha Nam, Hoa Binh, Phu Tho, Bac Giang, and...