PM urges special credit support for feasible real estate projects
PM Chinh urged relevant ministries, agencies, and local authorities to heighten accountability and adopt a proactive attitude.
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To create a driving force for recovery, it requires clearing the flow of money into the real estate market.
Despite the global economic slowdown, Vietnam's real estate performance remains robust with significant appeal for foreign manufacturing investors, property services firm Savills said in its Asia Pacific Investment Quarterly Report.
One hundred and six industrial zones were being constructed to supply the market with 35,700ha of land for factories and warehouses.
PM Chinh urged relevant ministries, agencies, and local authorities to heighten accountability and adopt a proactive attitude.
As of August 31, real estate loans totaling over VND986 trillion ($41.1 billion), according to the State Bank of Vietnam.
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