A property project in HCMC (Source: SGGP)

Real estate takes lead in FDI attraction in HCMC

Real estate took the lead in the foreign direct investment (FDI) attraction during the first 11 months this year with US$984.4 million, accounting for 50.8 percent and triple the value in the same period last year, reported HCMC Statistical Office.
Consumer credit accounts for 10 percent of outstanding loans in HCMC. A large amount of these has run into personal house buyers(Photo: SGGP)

Real estate credit in uptrend, SBV continues tightening policies

The State Bank of Vietnam (SBV) has tightened credit flow into the real estate sector which has been in an uptrend since early this year while HCMC Real Estate Association has warned of a virtual fever in property prices in some districts.