Vietnam Banks Violate Loan Rules on Homebuyer Demand: Mortgages
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Nguyen Thi Bich Ngoc, a hotel sales manager in Hanoi, is among Vietnamese buyers being lured back to the property market by lower interest rates and cheaper homes.
“Until recently I didn’t have any strong intention to buy a house,” says Ngoc, who borrowed four billion dong ($192,000) to purchase a three-story property about 1 kilometer south of Ho Chi Minh’s mausoleum. “Property prices are going down. Interest rates are good. The timing is very good.”