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Jul 23rd
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Lower interest rates boost real estate market

Lower interest rates boost real estate market

Since the State Bank of Vietnam started to lower the interest rate early this year, many banks have also lowered their lending rates, fueling the real estate market.

BIDV set their annual interest rate at 16 per cent, with maximum term of 15 years on loans customers who buy homes in the My Dinh urban area, while MB Bank has been loaning at 15 per cent per year terms of 10-20 years.

 
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Hanoi seeks VND161 trillion for trade development

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