Thousands of buyers left in the lurch by developers of Vietnamese housing

Thousands of would-be homebuyers in Vietnam are wondering if the projects they bought into will ever be completed, as a growing number of developers disappear from view or are arrested by police, VietnamNet reports. Troubled projects include Tricon Tower, Hanoi Time Tower, Linh Nam, Hesco Van Quan and Labonita. Vietnam’s deputy minister of construction, Nguyen Tran Nam, said developers may be required to take out insurance policies to protect buyers. Source: vietnamnet.vn.