Outstanding real estate loans reach $41bln as of end-August

Loans for urban development and housing developments total more than VND266.2 trillion ($11.09 billion).

Those for office construction projects exceeded VND40.6 trillion ($1.69 billion), while those for industrial, processing, and exporting zones exceeded VND56.5 trillion ($2.35 billion).

The SBV has taken several efforts to address issues and improve the economy's capacity to absorb capital, such as regulating monetary policy and banking operations in accordance with the National Assembly and government policies and directives.

It has decreased key interest rates by 0.5-2 percent each year since the beginning of the year, despite global interest rates continuing to increase. As a result, common interest rates have stayed unchanged, but deposit and lending interest rates have fallen. The average deposit rate at commercial banks is falling 2% every year from the end of 2022.

Early in the year, the SBV established a target of 14–15 percent annual credit growth, greater than in prior years, with the goal of delivering more credit to fulfill the economy's needs.

The central bank has also implemented measures to eliminate barriers to the real estate market, allowing it to flourish in a safe, healthy, and sustainable way in accordance with government directives.