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Update news bailout
VietNamNet Bridge – The frozen real estate market is defrosting on the information about the disbursement of the VND30 trillion bailout, which has also revived the building material industry
The VND30 trillion bailout is believed to help warm up the real estate market, provided that the money can be driven to the right addresses.
World electronics forum opens in capital; Hai Duong's IZs absorb $3 billion; VN rises as smartphone producer; Steel industry set to apply new standard; New stimulus plan buoys stock market
VietNamNet Bridge – Arguments have been raised about who the government should gather strength to rescue, real estate developers or farmers, if they both are sinking.
The national economy remains very pale, while businesses have died like flies. Meanwhile, the government is still busy with particular calculation when mapping out the solutions to rescue businesses.
Real estate developers have sighed with relief after relevant ministries agreed to pump money into the frozen real estate market to rescue it.
Businesses have been caught into a vicious circle. Since they cannot borrow money, their production has become stagnant and they cannot pay bank debts. And since they cannot pay debts, they cannot access bank loans.