Vietnam’s real estate market needs credit solutions

For years Vietnam’s property market has been heavily reliant on bank credit, constituting nearly 20% of the nation’s total capital. — Bloomberg

HANOI: In an effort to address the ongoing challenges faced by the domestic real estate market, an approach encompassing legal, administrative and financial solutions is urgently required, particularly in the realm of credit.

This was expressed by Ngo Trí Long, leader of the Finance Ministry’s Price Research Institute, during a seminar on the revitalisation and sound development of capital for the domestic real estate sector.