The pressure of maturing bonds is still weighing heavily on real estate businesses in the HCM City, forcing these businesses to find solutions to restructure debt.
Deputy Prime Minister Trần Hồng Hà requested the agency drafting a decree guiding the implementation of the Law on Real Estate Business to review existing real estate transfer procedures, based on digital platforms, without generating new procedures.
Many real estate businesses have returned to the bond channel to raise capital after the absence in April, mobilising thousands of billions of Vietnamese dong.
The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.
An official channel that will provide Viet Nam’s real estate businesses with information such as the number of licensed projects and projects awaiting licenses in a given area is being developed by the Department of Properties and Real Estate Management...