After the bank run, the Vietnamese regulator calms the property market

Vietnam’s benchmark index and bank stocks have fallen early after the police announced the confinement of some renowned company officials for apparently owning property through fraudulent means.

The State bank and central bank tried to calm the situation by ensuring that appropriate actions had been taken for the normal operations of Saigon Commercial Bank. Consequently, the benchmark VN Index has advanced 0.5%, and banking stocks have also recovered, affirming that the liquidity situation of SCB is stable.

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I am Tyson Yuk, the founder of the blog Commercial Realty Singapore. With over 15 years of experience, my forte is in the commercial and luxury property line. With my blog, I aim to educate, advise and share tips and tricks with potential property buyers and investors to help them make successful property ventures.

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