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Friday, July 19, 2024

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Land Law

A brighter credit market outlook

The prospects for the credit market are improving, backed by low lending rates and economic recovery. The dormant real estate market is expected to get a fresh boost from three new laws that will take effect in early August. Still in troubled waters In the year to June 24, 2024, credit in the banking system had expanded by 4.45%, or a monthly average of 0.73%, according to the General Statistics Office. However, this growth began gathering speed in March 2024. The first two months of the year saw outstanding loans falling compared to the previous month and the end of 2023. Major sectors like real estate and construction, which account for a majority of outstanding loans, have performed poorly due to low capital absorption and credit demand. On the sidelines of a recent finance conference, Pham Nhu Anh, CEO of MB Bank, said that in the real estate sector, there are four types of lending – home loans, industrial real estate development loans, residential development project loans and tourism real estate loans. But commercial banks are finding it hard to lend to three of them, he noted. For home loans, Anh said, demand was woefully low in the first half […]
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A heavy workload before vote

If approved by the National Assembly, the 2024 Land Law, the 2023 Housing Law, the 2023 Real Estate Business Law, and Clause 2, Article...

Amended land law might take effect from August

HCMC – The amended Land Law, Housing Law, and Real Estate Business Law would come into force on August 1 this year, five months...

Uncertainty prevails over commercial housing development

The Government is expected to propose the National Assembly issue a resolution allowing for a pilot scheme in which commercial housing projects can engage...

Real estate market after 2025

The 2024 Land Law was passed by the National Assembly at an extraordinary session at the beginning of 2024, officially completing the process of...

Challenges for housing developers

The legal framework for real estate transactions and the real estate market is shaped by four important laws, including the Civil Code, Land Law,...

Positive market prospects

Vietnam’s real estate sector has seen some signs of recovery since the National Assembly passed the revised Land Law on January 18, 2024. As...

NA passes amended Land Law

HCMC - The National Assembly (NA) this morning, January 18, passed the amended Land Law, with 87.63% of the NA deputies present at the...

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