Vietnam seeks to kick-start property recovery after confidence shaken by crackdowns

Vietnam's leadership is under pressure to introduce reforms to reinvigorate the property sector after leverage restrictions designed to limit risks to the economy and anti-graft crackdown last year hobble developers and sent bond prices tumbling. International bonds issued by the country's largest property developers have plunged to trade at cents on the dollar after the government introduced new reporting requirements, tightened access to credit and made high-profile arrests of property tycoons on charges including bond market fraud.

A&M Managing Director with the Restructuring group in Hong Kong, Eddie Middleton, voiced his insights in Vietnam Financial Times on how Vietnam could emerge from its property crisis. 

"We just don't know the pathway to an outcome," said Middleton. "The market is at the bottom of quite a steep learning curve."

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