Ho Chi Minh City's property market recovers, with housing credit increasing and social housing credit surging by 78%.

Housing credit in Ho Chi Minh City, Vietnam, is increasing as the property market recovers. The State Bank of Vietnam reports outstanding credit for real estate has surpassed 1 trillion VND (about $40 million), a 5.5% rise from last year. Social housing credit surged by 78% this year, reflecting efforts to expedite credit disbursement. Overall, housing credit constitutes 57% of the property market's outstanding loans, signaling a positive trend in the sector.

September 11, 2024
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