Experts emphasised the need to channel funds into less risky segments like social and affordable commercial housing to ensure a balanced real estate market. They also urged swift implementation of new regulations under the Housing Law and Land Law to shorten the project timelines.
Japan signed loan agreements with Vietnam totalling JPY102.2 billion (approximately US$678 million), marking the highest amount since 2017, during the Japanese financial year from April last year to March this year.
Japan signed loan agreements with Việt Nam totalling ¥102.2 billion (approximately US$678 million), marking the highest amount since 2017, during the Japanese financial year from April last year to March this year.
In the recent report sent by the Government to the National Assembly, it was ported that borrowing costs from foreign sources surpass domestic lending.
Real estate is a major factor in credit growth, particularly the demand for home loans. Home loans are still slow over the first seven months of the year even though many banks have been offering very competitive interest rates.
Thanks to the Prime Minister’s Decision No. 22 issued in August 2023, formerly incarcerated individuals who have completed their sentences can access loans with preferential interest rates.
IFC and Welcome Financial Group (WFG) on June 27 launched a US$60 million platform to address non-performing loans (NPLs) and enhance access to finance in Vietnam.
