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New Vietnam Property Law Slow to Take Off

When Vietnamese sell houses, the machine they bring along for transactions is used to count money, not swipe credit cards. Property expert Marc Townsend said that’s indicative of Vietnam’s real estate market: people pay with cash, not loans. Some expect that to change, as Vietnamese real estate opens up to foreigners who are more inclined to get mortgages than fork over cash. A real estate law that took effect July 1 was supposed to be a game changer, giving foreigners most of the same...

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