Tight control of credit in real estate

In 2017, the State Bank continued to strictly control credit in potentially risky areas, including credit in the real estate sector.

The State Bank of Vietnam (SBV) has just announced that in 2017, it will continue to strictly control credit in potentially risky areas such as medium and long-term credit, credit for large customer groups, credit for real estate, and BOT and BT transport projects.

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Along with that, regarding credit management this year, the State Bank affirmed that it will control the credit scale in accordance with the orientation targets while improving credit quality, creating favorable conditions for accessing credit capital; focusing credit on production and business sectors, especially priority sectors according to the Government's policy.

In 2017, the State Bank continued to operate credit policies in the direction of controlling the credit scale reasonably, safely and effectively, facilitating enterprises' access to capital; orienting credit to production and business sectors, focusing on priority sectors (rural agriculture, small and medium enterprises, supporting industries, exports, high-tech enterprises), implementing solutions to remove difficulties for production and business, serving socio-economic development, contributing to the implementation of the economic growth target set by the National Assembly (GDP increased by about 6.7%).

According to VOV