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Hanoi speculative villa prices down 40%

Hanoi speculative villa prices down 40%

Amid rising interest rates, Hanoi’s cash-strapped villa investors are slashing prices by up to 40% to lure customers. Loi spent VND32.5 billion (nearly $1.4 million) on a 180-square meter villa near Ring Road No. 3.5 in mid-2022. He paid for the house with a bank loan and VND11 billion of …

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Banks allowed to repurchase bonds before one-year

Banks allowed to repurchase bonds before one-year

Credit institutions are allowed to buy back corporate bonds before the previous 12-month waiting period, according to a new circular issued Monday by the State Bank of Vietnam, According to an old circular from 2021, banks were only allowed to buy back unlisted corporate bonds 12 months after the bonds …

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