HO CHI MINH CITY -- The International Finance Corporation is investing $100 million into Vietnamese lender SeABank to provide loans for affordable homes in a market that offers plenty of luxury condos but not enough cheaper units to meet demand.
Property
Vietnam lender gets $100m from IFC for middle-class home loans
SeABank aims to double mortgages as property market suffers luxury-affordable mismatch
Vietnam has high-end apartments aplenty but far from enough affordable housing to meet demand in a country where monthly wages average $320. (Photo by Lien Hoang)
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