The inflation hike of 2008/20099 in Vietnam was reported to be due to market speculation related to investment in the stock and the real estate markets. Many investors got rich overnight simply by property ownership transfer. However, after the tightening of bank loans in 2009 following the Global Financial Crisis, we have also seen a series of local speculators and developers going bankrupt. The real estate sector has been referred to as a frozen sector ever since.
With real estate as one of the key sectors for the foreign investment community in Vietnam, this episode of Insight Vietnam features, Mr. David Lyons, Managing Director of Jones Lang LaSalle Vietnam who discusses the current situation and future outlook of the much debated real estate sector.

David Lyons is the Managing Director of Jones Lang LaSalle Vietnam and is responsible for overall operations of the Company.
Joining the industry in 1974, David has had over 37 year’s experience, gaining a solid background in all aspects of Real Estate including sales, leasing and management in both the Residential/Commercial markets.
During 1989, he joined Jones Lang Wootton to manage the Sales and Investments Division. He was later transferred to Jones Lang Wootton Trans Act to manage the Hotel Brokerage Division and remained with the company till 1995. David returned to Jones Lang LaSalle in 2003 to head up the National Metropolitan & Regional Sales Division. He is a regular TV Commentor on the Sky Business News Channel giving expert advice on commercial property. In January 2010 David was appointed as Country Head and Managing Director of Jones Lang LaSalle Vietnam.