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VietNam: VND30 trillion credit package can rescue real estate market?

Posted on 04 April 2013

Doubts have been raised whether if the VND30 trillion package can save the sinking real estate market. VND30 trillion is believed to be just a “grain of salt in the ocean.”
The State Bank of Vietnam is considering designing a VND30 trillion credit package in an effort to rescue the real estate market. Three months ago, the government released Resolution No. 02, showing its determination to rescue the market. Experts believe that the fall of the real estate market would lead to the collapse of many other markets………………………………………..Full Article: Source


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