PETALING JAYA: Although high interest rates in Vietnam will continue to dampen property sales, Gamuda Bhd is bucking the trend with its Gamuda City development in the south of Hanoi, HwangDBS Vickers Research said.
It said Gamuda City and Celadon City in Ho Chi Minh City (HCMC), both held under Gamuda's property arm Gamuda Land Sdn Bhd, were running on “full steam” despite the increased borrowing costs brought on by the country's notoriously high inflation.
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