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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.
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El mercado inmobiliario de la ciudad de Ho Chi Minh se recupera, aumentando el crédito a la vivienda y aumentando el crédito a la vivienda social en un 78%.