title: An investigation on socio-economic characteristics of young tenant groups in Vietnam – a case study in Ho Chi Minh City.
Creators: name: Hua, Tran Minh Tri
Publisher: name: UNSPECIFIED
Year: 2024

description: Housing is an essential aspect of every individual's life and is often considered a valuable asset to accumulate over time. However, many young people in Ho Chi Minh City opt to rent instead of buying a house for various reasons, including the city's high population growth and concentration of job opportunities, difficulties in affording homeownership due to high prices and low average income, and the desire for a suitable living environment that enhances their quality of life. The city has an average population growth rate of 2.28% per year, and 47% comprises young people aged between 15 and 39. Unsurprisingly, young people in Ho Chi Minh City face tremendous pressure to find a suitable place that meets their living standards.
This study was conducted to understand better the needs of young people in the rental housing market and determine the factors influencing their decision to rent an accommodation. The study synthesized and analyzed previous relevant research papers to find out more about young people's rental needs. The synthesized data obtained by applying a questionnaire was classified using the cross-tabulation classification method to classify tenants. The collected data was encoded in two forms: categorical and continuous. For data collected from single-response questions, the Chi-square test was used to compare the difference in the frequency distribution of each group. The Bonferroni approach was used to test for the significance of questions with multiple answers. To classify tenants based on continuous data, T-test or Wilcoxon-Mann-Whitney-Test (also known as Mann-Whitney-U-Test) was used to compare the mean values of the two groups. ANOVA and related post-hoc tests were chosen to compare the values of more than two groups. During the fourth quarter of 2021, 595 responses were collected through online surveys; however, only 333 survey samples met the conditions for data analysis.
Four key characteristics were found to group tenants, including gender, migration status, household structure, and income. The study also analyzed other factors such as accommodation type, rental purpose, and sharing type to gain a deeper insight into young people's rental needs. Proposed future studies could be based on the limitations of this study, such as the low number of respondent samples, the lack of expert interviews in the field of house rental, the shortage of feedback in suburban areas of Ho Chi Minh City, and the focus on only one group of young people.
In conclusion, the study highlights young people's challenges when finding suitable rental housing in Ho Chi Minh City. One of the most significant concerns for young people when choosing a rental property was rent and legal issues related to the rental contract, such as the responsibilities of the parties involved in case of incidents. It is understandable, given the high cost of living in the city and the need for young people to have a secure and affordable place to live.