The State Bank of Vietnam recently announced an adjustment to how outstanding real estate loans are calculated for credit growth control in 2026. This aims to facilitate credit provision for specific types of real estate, aligning with regulatory policy.

From early this year until 31/12, credit institutions are not required to include the portion of outstanding loans, increased compared to the end of 2025, for restaurants, hotels, tourist areas, ecological zones, and resorts in their real estate outstanding loans.

This means that the increased lending to these sectors is not counted towards the real estate credit growth limit. However, it remains within the overall credit quota allocated to each bank.

Early this year, the State Bank of Vietnam had instructed banks to ensure that real estate credit growth in 2026 did not exceed the general credit growth rate of the economy.

Subsequently, the regulatory body also permitted the exclusion of increased outstanding loans for social housing, industrial parks, and export processing zones (compared to the end of 2025) from real estate outstanding loans.

Recently, the banking sector has introduced various policies to expand banks' lending capacity for large projects. Examples include a proposal to raise the lending limit to 52% of equity for some projects in Hanoi, and the exclusion of outstanding loans for certain projects by Vingroup, Sun Group, and Masterise from annual credit growth limits.

As of 28/8, total outstanding credit across the system reached approximately 20,5 quadrillion dong, an increase of over 10,2% compared to the end of 2025. In Hanoi alone, credit in the area grew by over 13%, exceeding the overall system-wide increase.

Quynh Trang