The State Bank of Vietnam announced on 29/5 that in 2026, banks will not need to include increased lending for social housing, industrial parks, and export processing zones when calculating real estate credit growth. This move aims to encourage credit expansion into real estate segments aligned with national policies.

The policy applies to 25 institutions, including the "Big 4" banks and major private banks such as Sacombank, Techcombank, ACB, and MSB.

Transactions at a commercial bank. Photo: Giang Huy

Earlier this year, the State Bank of Vietnam directed banks to control the escalation of outstanding loans in the real estate sector, ensuring it does not exceed the overall credit growth rate. Concurrently, home loan interest rates increased, moving from a common range of 6-8% annually to 12-14%.

Vietcombank Securities noted that real estate credit continues to grow as many projects enter the sales phase and accelerate construction, increasing demand for medium- and long-term capital. However, the firm anticipates less favorable access to credit for the real estate sector in 2025.

A report from the Ministry of Construction indicated that outstanding credit for the real estate group reached approximately 2 million ty VND, marking an increase of nearly 28% compared to the end of 2024. This segment currently accounts for 25-30% of the total outstanding loans across the entire system.

Phuong Anh