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Four state-owned banks have agreed to set aside a credit package of VND120 trillion ($5 billion) for the development of social housing and workers’ housing projects, central bank governor said. The loan interest rates for buyers or developers of social housing projects and workers’ housing projects will be 1.5-2% lower …

Bui Thanh Nhon, chairman of property developer Novaland, on behalf of other businesses in the sector, has proposed that banks allow their payments due be extended for another two or three years. “The extension will give more time for developers to wait for a market recovery and to acquire necessary …

The German Embassy in Hanoi announced Friday it will acknowledge Vietnamese passports issued from Jan. 1, and resume the issuance of category C visa for multi-year residence. “Vietnamese passports issued from Jan. 1, 2023 and containing the place of birth on the personal information page are accepted,” the embassy’s official …