Total real estate lending at 28tr dong

Currently, up to 65 banks has funded the real estate market the total outstanding balance of real estate loans of 28.654 trillion dong, according to the figures released by the Ministry of Construction.
Many banks have had to raise 30% of short-term deposits to lend to medium and long-term property development projects.
According to the estimate of this ministry, total capitalisation to this field is about 50 trillion dong. In Hanoi, the outstanding real estate loan balance is about nine trillion dong, accounting for 10% of the total outstanding loans while in the HCM City, this figure has reached over 25 trillion dong.

 

Category: Business