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Overseas remittances fuelling boom in Vietnamese property market

A healthier economy in US, where many of the diaspora live, and Vietnam's improving prospects are encouraging people to send money home

Labourers at the construction site of a residential apartment in Hanoi. According to the State Bank of Vietnam, a fifth of cash sent to the country last year went into real estate.


ENCOURAGED by an easing of real estate laws and a thriving economy, the Vietnamese diaspora is sending record homebound remittances and adding impetus to the property sector now undergoing a boom after emerging from the doldrums.

House and condominium buys - in cash - will...

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