This is the data provided by the State Bank in a recent report sent to the National Assembly 's thematic supervision delegation on the implementation of legal policies on the real estate market and social housing development in the 2015-2023 period.
According to the State Bank, in 2015-2016, outstanding real estate credit was only about 400,000 billion VND, the real estate bad debt ratio was about 4.2%.
However, in the following years, real estate lending increased rapidly. In 2017, the total outstanding loans for real estate and construction business of the banking system increased to VND529,000 billion, up 9.21%, the bad debt ratio for real estate also increased to 4.58%.
The State Bank said that the high ratio of real estate credit to total outstanding debt is still high, posing potential credit risks.
From 2018 to present, outstanding debt for the real estate sector, including real estate business and consumption purposes, and real estate self-use, has always increased.
In 2019, real estate loans increased dramatically by 23.26%, reaching 1.6 million billion VND. During the 2020-2021 pandemic, real estate outstanding loans still increased by 12.06% and 15.7% annually, respectively.
In 2022, real estate debt will increase sharply again, reaching VND 2,580 trillion, up 23.91% over the same period last year.
In 2023, real estate loans will continue to increase by 11.81%, reaching VND2,880 trillion.
The State Bank said that the proportion of outstanding credit to real estate is mainly medium and long-term debt. In the period of 2015 - 2023, credit to the real estate sector accounts for 18-21% of total outstanding debt in the economy .
To control the flow of money into real estate, the State Bank has issued circulars 36, 22, and 41 in recent years, regulating the ratio of capital mobilized for medium and long-term loans of banks from 24-34%.
According to the State Bank, some credit institutions have a high ratio of real estate credit to total outstanding debt, which poses potential credit risks.
Previously, the Ministry of Construction requested the State Bank of Vietnam to continue reviewing and promoting credit lending to real estate businesses.
The Ministry also requested the State Bank of Vietnam to direct commercial banks to have appropriate and effective solutions so that businesses, real estate projects and home buyers can access credit sources more conveniently, both creating convenience and supporting businesses and controlling risks, contributing to removing difficulties and promoting the development of the real estate market, especially considering specifically lending to unfinished and near-completed real estate projects.
Source
![[Photo] Gia Lai provincial leaders offer flowers at Uncle Ho's Monument with the ethnic groups of the Central Highlands](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/9/196438801da24b3cb6158d0501984818)
Comment (0)