VN Express is running a letter from a reader known only by their first name, Van, in which Van says taking out a loan to buy a house in Hanoi’s Old Quarter was one of their best decisions. Van essentially says that the appreciation in the value of the property since making the acquisition four years ago has made it well worth it.
With the State Bank of Vietnam pushing Vietnam’s banks to increase lending and the real estate sector struggling to attract buyers, this article could not have come at a better time.