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Mortgages replace cash as Vietnam housing rebounds

Tuesday, December 8, 2015 - 05:50

Ho Chi Minh City

LE Trang, an office worker, and her husband Hung didn't think they could afford a three-bedroom apartment in a high-rise in the suburbs of Ho Chi Minh City. The availability of a mortgage to finance the purchase of a one billion dong (S$62,500) condominium changed their