13:44 30/06/2022

SBV: Loans for real estate being disguised

Vũ Phong -

A number of credit institutions have recently provided large consumption loans to individual customers that are actually for real estate. According to the State Bank of Vietnam (SBV), this is potentially risky if there are fluctuations in the real estate market. It is therefore expected to issue new regulations to tackle lending for real estate that is disguised as other lending.

Photo: Illustration
Photo: Illustration