| Vietnam’s property market has “slowed down” as higher interest rates made it difficult for potential buyers to finance purchases, said CapitaLand Ltd., Southeast Asia’s biggest property developer.
The nation’s inflation rate in September reached 22.42 percent, the highest among 17 Asian economies tracked by Bloomberg. The central bank has increased its refinancing rate to 15 percent from 9 percent at the beginning of the year, while Fitch Ratings said in August lending costs for some businesses in July were as high as 25 percent..............................................Full Article: Source
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