Credit quality of real estate sector continues to be controlled
PolicyMr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC Branch), reported that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year.
Real estate credit under control
PolicyOutstanding loans for the real estate sector grew by 8.8% last year, below the banking sector’s credit growth of 13.7%, said Nguyen Quoc Hung, director of the Credit Department of the State Bank of Vietnam.
Real estate loans make up 1/5 of total outstanding loans in Vietnam
InvestmentThe 14.58% growth rate is higher than the average credit growth of the economy.
