28.02.2012 - VietNam: Property market waits on lower interest rates
The real estate market will only recover when loan interest rates decline. Dr Le Xuan Nghia, vice chairman of the National Financial Supervision Committee, said though the Government's efforts to curb inflation have yielded results, banks' interest rates have not dropped significantly. Prof Dr Dang Hung Vo, a former deputy minister of natural resources and environment, said the real estate market would continue to face a shortage of capital this year...............................................Full Article: Source
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