Vietnam: Nearly US$10 billion of bad debts mortgaged by realty assets
The Hanoitimes – Hundreds of real estate projects can revive through the merger and acquisition (M&A) if non-performing loans (NPLs) can be settled, according to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association. Some 60-70 percent of the total VND300 trillion (US$13.21 billion) NPLs, or over VND220 trillion (nearly $10 billion) […]
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