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Real Estate Briefing - Categorized | Finance, Market Moves more

Inflation is killing the Vietnamese property market

Posted on 01 November 2011

High interest rates and lack of lending due to inflation is holding back potential buyers in Vietnam. According to local property monitors, buyers are unable to secure loans from banks due to interest rates which have hiked up to 22.42 per cent, making it one of the highest in the region.
Vietnam’s central bank has increased its refinancing rate to 15 per cent from 9 per cent while lending costs for some businesses are up to 25 per cent…………………………………………Full Article: Source


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