Banks will tighten real estate loan (Photo: SGGP)

House building, repair loans reach VND180 trillion in ten months

Consumer credit has quickly increased mainly from house building and repair which approximated VND116-180 trillion (US$4.98-7.72 billion) accounting for 38-40 percent of total consumer credit liability in October, reported deputy director of State Bank of Vietnam (SBV) in HCMC yesterday.
Central bank tightens property credit

Central bank tightens property credit

The State of Bank in Vietnam’s figure showed that property credit have not increased as fast as before. However, loans for house purchases account for a high proportion of consumer credit; therefore, there have been some proposals to separate this loan for better control.