Policy changes needed to lift Vietnam's property sector

During the first nine months of 2023, the property sector’s credit had shown a higher growth rate compared with the same period last year, reaching 21.86%. — VNS/VNA

HANOI: The government considers the property market an important pillar of the economy and measures are underway to address the sector’s difficulties in recent years, say policymakers and industry insiders during a conference on credit policy.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong said the sector remained a key economic driver as it’s closely tied to many other industries, making it one of the top priorities for Vietnam’s policymakers.