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.
Vietnam central bank continues to tighten control over real estate companies
PolicyThe State Bank of Vietnam (SBV) plans to reduce the rate of short-term deposits used for mid- and long-term loans, which go mostly to real estate investors. The move is aimed at enhancing safety in the banking system.
SBV orders tight control over property loans
PolicyHCMC – The State Bank of Vietnam (SBV) has asked the relevant agencies and banks to ensure strict control over real estate credit, especially in localities known to show signs of land fever, the local media reported.
