Tuesday, May 14

We received a lecture on urban development, and learned a multitude of information about the past and future development of Vietnam. Infrastructure development is one of the largest problems faced by the Vietnamese Government; Because there is a poor infrastructure system, business is limited and Vietnamese companies face issues of transportation. In recent years, the Vietnamese Government has improved their efforts to improve transportation in the country with their taxes acquired from business'. With an increase in efficiency, Vietnam will continue to rise as a global power and become more attractive as a site for investment by foreign companies. As a business major, I am very interested in following the urban and economic progression of Vietnam and how they continue to develop and invest their resources. Population pressure is another major issue of Vietnam; Population pressure is beneficial to the large production corporations because it has contributed to lower wages. After the lecture, we visited the Phu My Hung Corporation. Phu My Hung is a high end urban development project in Ho Chi Minh City that focuses on the creation of a higher end, more elegant, peaceful side of Ho Chi Minh City. The overall project seems to aim towards a new image of Ho Chi Minh, however it seems the population will stay limited to the higher classes of Vietnam.