The amended Law on Credit Institutions is expected to positively impact the real estate market, as the industry’s credit balance is high.
Illustration photo: KT
As of the end of the second quarter of 2024, real estate loans outstanding reached VND 3,083 million billion, up 6.8% from the beginning of the year, accounting for 21.4% of the total outstanding credit of the economy. Real estate is an attractive field for bank lending due to high and stable demand, along with strong collateral, helping to reduce bad debt risk.
Capital flow regulation is crucial to stabilize and restore the real estate market. The Law on Credit Institutions stipulates regulations to tightly manage real estate credit activities, ensuring alignment between asset mortgage acceptance and handling bad debts in real estate projects. The Law’s changes are consistent with the goal of promoting the safe, healthy, and sustainable development of the real estate market.
The Dragon Group Unveils Plans for a Thriving Urban Development Project in Thai Binh, Valued at Over VND 1.4 Trillion.
The Thai Binh Province Planning and Investment Department confirms that Dragon Group is the sole enterprise registered to undertake a housing development project in the planned lot, coded A4, in Vu Phuc Ward, Thai Binh City, Thai Binh Province.
Unlocking Investment Opportunities: Navigating the New Real Estate Landscape with the Power of Three Laws
The Real Estate Law, Land Law, and Housing Law have come into effect, and many real estate businesses are swiftly planning to expand their land banks to embrace the new development cycle.
The Property Slump: Why Real Estate Businesses are Reporting a Decline in Profits for the First Half of 2024
Despite the robust revenue growth, many real estate businesses reported negative profit growth and even losses in the first half of 2024.
The Art of Relaxation: Onsen Fuji Group and MSH Group Join Forces to Create the Ultimate Retreat Experience
On August 28, the Onsen Fuji Group inked a strategic partnership with MSH Group to develop the Tokyu Retreat project. This milestone event marks a pivotal step towards transforming Tokyu Retreat into a new icon in the real estate market.
