(ĐN)- According to Dong Nai Branch of State Bank, outstanding real estate loans in the province reached over VND55.2 trillion as of May-end, making up nearly 17.5 percent of total loans and up 12 percent compared to late last year.
(ĐN)- According to Dong Nai Branch of State Bank, outstanding real estate loans in the province reached over VND55.2 trillion as of May-end, making up nearly 17.5 percent of total loans and up 12 percent compared to late last year.
In recent months, many commercial banks have temporarily stopped providing loans to the real estate sector until the end of June in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas, except for people to buy, build or repair houses for living purposes.
Local banks and credit organizations are now required to focus loans on a number of production and priority industries such as agriculture, rural development, exports, supporting production, small- and medium-sized enterprises, high-tech application.
Reported by H.Q
