Vietnam Set To Cool Down Property Market

Category: Real estate, Posted:23 Jun 2010 | 06:00 am

With mounting worries back of the overheated domestic property market the Vietnamese Government is taking steps to maintain a strict monetary policy until 2011 as it plans to tighten up bank financing and consumer credit.
While many experts saw 2007 as a boom period, currency devaluation and hyperinflation hit the local property market in 2008-2009.
This year the real estate sector has been ramping up, stricter controls are being implemented by the State Bank on Vietnam to ensure sustainable growth.

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