Housing credit has been on the rise as the property market finds its footing and path to recovery, according to the State Bank of Vietnam (SBV).

Japanese building product distributor JUTEC Holdings Corporation will team up with a Vietnamese partner to establish a housing services joint venture in Vietnam.

Since the long Lunar New Year (Tet) holiday, real estate market across the country has been bleak, forcing realty and brokerage firms to seek out new supplies to sell.