Real estate credit increases

By the end of September 2023, credit balance for real estate had accounted for 9.8% of the total outstanding loans, equivalent to more than 12,400 billion VND, according to the State Bank of Vietnam’s Hai Duong branch.

It posted an increase of 3.4% compared to the proportion of outstanding loans in this field to the total outstanding loans of the entire banking sector in August.

Real estate credit mainly focused on individual customers’ consumption purposes, making up more than 85% of credit balance in this field, and the rest for real estate business.

On a national scale, credit balance for real estate amounted to 2,740 trillion VND, up 6.04% over the end of 2022 and accounting for 21.46% of the total outstanding loans in the country's economy.

HK