SBV keeps preferential interest rate for social housing unchanged
PolicyThe commercial banks’ preferential interest rates will be remain unchanged at 5 per cent for social housing this year, according to a decision of the State Bank of Viet Nam (SBV).
Banks warned of risks of accepting land as collateral
PolicyThe State Bank of Vietnam (SBV) has warned commercial banks of the risks associated with accepting land-use rights certificates as collateral for loans.
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.
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.
Banks told about risks of property corporate bonds issuance
InvestmentThe State Bank of Vietnam (SBV) has instructed local commercial banks to be vigilant about their corporate bond investments, especially bonds of real estate firms, in order to minimize their risks.
Real estate projects keep receiving bank loans
InvestmentBanks have poured money in real estate projects in Vietnam, according to experts.
Banks remain interested in housing sector
InvestmentAlthough the State Bank of Vietnam (SBV) has tightened credits to risky sectors including real estate, other banks have plentiful liquidity and are ready to lend the housing sector.
Real estate firms issue bonds to raise capital
InvestmentAs the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue bonds to fund their business.
Central bank raises risk coefficient on property loans
InvestmentBanks have been told to pay more attention to property lending, following the policy of the State Bank of Vietnam (SBV) to revise upward the credit risk coefficient applied to loans for buying houses worth over VND3 billion.
Gov't ignores affordable housing for low-income earners: experts
PolicyFour years ago, the State Bank of Vietnam (SBV)’s preferential loan credit package of 30 trillion VND (1.29 billion USD) helped thousands of low-income people purchase low-cost apartments in big cities.
