HO CHI MINH CITY -- Property sales are falling, developers are missing bond payments and a weak economic recovery is sapping demand and sentiment in Vietnam.
Echoes of China as bond defaults mount and real estate deals slow

Ho Chi Minh City has plenty of upmarket condos, but analysts hope a market correction will bring Vietnam's prices back down to earth. (Photo by Lien Hoang)
HO CHI MINH CITY -- Property sales are falling, developers are missing bond payments and a weak economic recovery is sapping demand and sentiment in Vietnam.