State Bank meets with ministries to discuss solutions to promote real estate credit

11/11/2023 07:49 Nhat Linh Print article

ANTD.VN - On November 13, the State Bank will meet with ministries, the Vietnam Bank for Social Policies, and 14 credit institutions to implement Official Dispatch 993/CD-TTg, removing difficulties for the real estate market.

The State Bank has just sent an invitation to relevant units to attend an online conference to implement Official Dispatch 993/CD-TTg dated October 24, 2023 of the Prime Minister on continuing to resolutely implement solutions to develop the real estate market to develop safely, healthily and sustainably, contributing to promoting socio-economic development.

Accordingly, Governor of the State Bank Nguyen Thi Hong and Minister of Construction Nguyen Thanh Nghi will attend the Conference. Along with that, leaders of many ministries and branches such as: Government Office, Ministry of Public Security, Ministry of Finance, Ministry of Planning and Investment, Ministry of Natural Resources and Environment, Ministry of Justice will also attend this conference.

Thủ tướng Chính phủ yêu cầu ngành ngân hàng thúc đẩy cho vay tín dụng bất động sản

Prime Minister requests banking sector to promote real estate credit lending

The conference was also attended by Departments and units under the State Bank, the General Secretary of the Vietnam Banks Association, the General Director of the Vietnam Bank for Social Policies; and the General Directors of 14 credit institutions headquartered in Hanoi (with outstanding real estate credit of over VND 20,000 billion).

Along with that are representatives of the Vietnam Real Estate Association and leaders of a number of real estate businesses and corporations.

Previously, on October 24, Prime Minister Pham Minh Chinh signed Official Dispatch No. 993/CD-TTg. One of the important contents, the Prime Minister requested the Governor of the State Bank of Vietnam to direct commercial banks to continue promoting credit lending to the real estate sector. There are appropriate solutions to reduce costs to reduce interest rates.

Continue to review and further reduce inappropriate, cumbersome, and costly administrative procedures so that businesses, real estate projects, and home buyers can access credit more easily. Have special credit promotion policies for feasible real estate projects with fast implementation progress, creating momentum for growth and promoting the real estate market.

The State Bank presides over and closely coordinates with the Ministry of Construction to carefully review favorable and open lending procedures and conditions, control and accelerate the implementation of the 120,000 billion VND credit program for preferential loans to develop social housing, workers' housing, and renovate and rebuild old apartment buildings.

Direct commercial banks to urgently guide credit loan procedures for projects that have been announced as eligible and in need of loans for both investors and home buyers of the 120,000 billion VND credit program.

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