Lending rates to soon cool
Analysts believe that loan interest rates will soon cool down following management from the central bank and moves by commercial banks.
Calls for real estate stakeholders to receive support
The Ho Chi Minh City Real Estate Association (HoREA) has recommended that the State Bank of Vietnam (SBV) and commercial banks consider offering support to real estate businesses, investors, and borrowers. It proposed cuts of 2 per cent per annum to lending interest rates, facilitating access to new loans, and offering support in tax and land use fees.