M&As pick up pace in Vietnam property market
Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.
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Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries.
Vietnamese law allows foreigners to buy apartments in the country, but there are actually not many foreign home buyers.
Credit institutions are ready to provide loans with preferential rates from the VND120 trillion (US$5.07 billion) package.
Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.
Continuous business expansion by foreign manufacturers has boosted industrial real estate demand in Vietnam in general and the northern region in particular, given its proximity to China.
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