Vietnam’s Property Debt Binge Now Hangs Over Its Banks
Regulators slowed the downward spiral, but there are risks of a spillover
A view of the skyline in Ho Chi Minh.
Photographer: Yen Duong/Bloomberg Welcome to The Brink. I’m Harry Suhartono in Singapore, where I’ve been reporting on the troubles of property developers in Vietnam. We also have the latest on Argentina’s sovereign bonds, US diaper firm Hello Bello and Italy’s football club AC Milan. Follow this link to subscribe. Send us feedback and tips at hsuhartono@bloomberg.net or DM on X to @HarrySuhartono.
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Vietnam’s property market has been in disarray since 2021, when an ambitious anti-corruption campaign brought the sector to a halt. While the downward spiral has been slowed thanks to regulatory interventions, there are still signs of trouble.