Edited sentence: However, it is noticed that the spending power of the people has increased.However, the collapse of the property market will reveal real strength of this economy.In Hanoi, the capital, property price can be as high as that in Tokyo and New York.It is willing to do anything to maintain its dictatorship which allows Government officers and Communist Party Member to pocket wealth from its own people.It is willing to do anything to maintain its dictatorship which allows Government officers and Communist Party members to pocket wealth from its own people.Massive wealth from corruption, bribery and embezzlement committed by virtually all Government officers has pushed the property prices at rocket high.The Communist Party praises it victories and uses them to make people believe that they have the full right to solely control the country.The Government is cheating its people by posing the false threat of colonialism: it constantly lies that without the Communist Party, Vietnam will collapse and become a slave state.The Party cowardly accuses anyone that does not share the same view with its as unpatriotic and put them to jail as spies and traitors.The above information is from official statement of the Government of Vietnam.The answer lies in the ridiculous property prices.The booming has helped people with little piece of land or a tiny apartment, by selling them, realise their dreams despite their pitiful monthly income.The ghost of Ho Chi Minh has been used to help its dirty propaganda.The high inflation rate effectively makes the growth rate negative.The impressive growth is due to its low base and the government cleverly hide the fact that inflation in the country is high, estimated at 14% p.This figure has been scaled down by the Government to 9.5% p.This has amazed many people because GDP per capita of this city is just around US$1,000 p.This is because investment in property is popular money laundering.This translates to merely US$450 per capita.Vietnam, however, is still a very poor country with GDP of around US$37 billion in 2004.in 2004.to avoid the ‘double digit’ classification