Outstanding loans to the real estate sector accounted for 19.14% of the total outstanding loans of the whole economy, and increased by 14.6% over the same period in 2018.
The latest figures released by the State Bank said that by the end of August this year, the credit balance for real estate (including business and self-use purposes) increased by 14. , 58% compared to the end of 2018. If taking into account the proportion of economy loans, outstanding loans to the real estate sector accounted for 19.14%, equivalent to nearly 1/5 of the total outstanding loans of the economy.
The SBV data also showed that by the end of August, the total credit balance of the whole economy was about VND 7.82 million. Therefore, the total credit balance for real estate is about VND 1.5 million billion.
The credit growth of the real estate sector contributed 9.4% to the overall growth of the whole economy.
In addition to real estate, credit in some potential business areas, but investment and securities trading have increased by 8.7%, accounting for 0.4% of total outstanding loans; loans to BOT and BT projects increased by 1.85%, accounting for 1.4%.
Meanwhile, at the same time, credit flowed into industry increased by 6.76%, currently accounting for 19.61% of the total outstanding loans of the economy. Credit for construction and services also increased by 7.61% and 9.27% respectively compared to the beginning of the year …
Regarding credit for real estate, the SBV stated that the agency has issued guidance documents on lending, appointing four state-owned commercial banks (Agribank, Vietinbank, Vietcombank, BIDV) to participate. implement programs and decisions on lending rates.
Credit institutions participating in lending in this sector will mobilize capital by themselves and receive interest rate difference subsidies from the State budget. However, the appointed credit institutions have not been allocated funding sources to offset interest rate differences in the period of 2016-2020.
As for the Social Policy Bank, 50% of the plan will be allocated from the State budget, and 50% will be mobilized by the bank itself. To date, the budget has provided VND 1,163 billion for the bank, including VND 500 billion in 2018 and VND 663 billion in 2019.
By the end of August, the total outstanding loans for social housing as prescribed reached VND 1,774 billion, with 5,452 customers with outstanding loans.
According to the SBV, based on the credit growth at the end of 2018 to reach 13.89, the management agency targets the credit growth target of 14% this year. However, the above growth rate can be adjusted according to changes and actual situation in order to control inflation, maintain macroeconomic stability and support rational economic growth.
According to News zing.vn