CLMV News (31 July 2023)

CLMV News, Viet Nam

VIET NAM

Việt Nam’s property market has been experiencing a downturn for nearly a year, leading to concerns about its impact on banks and the overall economy. A recent survey conducted by S&P Global Ratings has shed light on a worrisome aspect of the Vietnamese property landscape – the heavy reliance of local developers on short-term funding. This overdependence on short-term funding renders them highly vulnerable to liquidity and default risks whenever access to funding becomes restricted. (Vietnam News)

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