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VietNam: Government aims to rescue ailing property market

Posted on 17 January 2013

The Government has issued a resolution dealing with problems in the property market and bad debt. To solve the inventories and support the market, the Government has asked relevant ministries to implement effective measures to rapidly spur disbursement for construction project.
The Government has also asked the ministries to allocate investment capital for cities and provinces and focus on building social housing and hostel. Under the resolution, cities and provinces with large inventories are required to limit the use of State budget to invest in developing new residential housing for displaced people………………………………………..Full Article: Source


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