Vietnam hopes property shakeup will remedy supply-demand mismatch

Echoes of China as bond defaults mount and real estate deals slow

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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)

LIEN HOANG, Nikkei staff writer

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.

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