Real Estate and those wacky Vietnamese Communists

I got this article from Google News Alerts.

National Assembly deputies on Saturday discussed the draft of the Law on the Real Estate Business and the Law on HIV/AIDS Prevention and Control.

The report affirmed that specific regulations on forms of real estate business, including offering homes and buildings for sale and rent, real estate agencies, setting prices, property management services, and transparency of transaction information, would help enhance the real estate business and promote State administrative competence in the field.

Deputy Nguyen Hoang Anh from Hai Phong said that the law should only provide for an authorised State real estate appraisal office. The value of real estate in a transaction would be decided by buyers and sellers and not based on a price fixed by an authorised office, he argued.

I’d like to give a big round of free market applause to my favorite Deputy, Nguyen Hoang Anh, from Hai Phong. I couldn’t tell what their final decision was, as the state-run website wasn’t real thorough in their “investigative journalism”. This is what I do know; Put Vietnam on the “do not invest in this country” list, right under Mexico. In fact, I’d add Cuba and China to the list, as long as we’re avoiding “the red states“.

They’re definitely still communist over there, but I guess that doesn’t bother us these days. China’s pretty communist too, but they’re our best buds these days. Except when they’re kidnapping our Counter Terrorist Agents.