By 2017, total outstanding loans for real estate business and investment reached 471.022 trillion dong (over $21 billion), according to the latest report of the State Bank of Vietnam (SBV).
The three sectors having the largest oustanding loans include loans for business and investment in urban and housing development projects worth 102.403 trillion dong; loans for construction, repair and purchase of houses to live in combination with leasing paid by customers with non-wage sources of income worth 100.083 trillion dong; and other business loans worth 113.561 trillion dong.
In 2017, consumer credit swelled and accounted for about 65 percent/annum (up 50.2 percent in 2016), reckoning for 18 percent of the total (compared to 12.3 percent in 2016). Loans home purchase and repair made up 52.9 percent (compared to 49.5 percent in 2016).
Loans to real estate business and construction sectors also edged up 12.2 percent compared to 2016, representing 15.8 percent of the total (17.1 percent in 2016).
