During the press conference on the banking sector’s Q3 2025 performance, hosted by the State Bank of Vietnam (SBV) on October 3, Ms. HÃ Thu Giang, Director of the Credit Department for Economic Sectors, revealed that real estate credit had surpassed VND 4 quadrillion by the end of August 2025, marking a 19% increase.
Ms. HÃ Thu Giang, Director of the Credit Department for Economic Sectors, addressing media queries at the press conference.
Ms. Giang emphasized that the growth in real estate credit aligns with market trends, particularly as the Government, National Assembly, ministries, and local authorities have implemented effective measures to alleviate challenges in the real estate market.
The social housing loan program under Resolution 33/NQ-CP and the loan scheme for individuals under 35 purchasing social housing have shown significant progress, with disbursements reaching approximately VND 4.7 trillion (a 66.2% increase compared to late 2024). Additionally, several commercial banks have proactively launched loan programs for individuals under 35, with four state-owned banks disbursing nearly VND 19.335 trillion.
As of September 29, 2025, national economic credit grew by 13.37% compared to the end of 2024. Credit allocation remains focused on production and business activities, particularly in priority sectors and growth drivers identified by the Government.
Specifically, credit for agriculture, forestry, and fisheries accounted for 6.23%, industry and construction for 23.97%, and trade and services for 69.8% (compared to 6.84%, 25.65%, and 67.51% in the same period in 2024, respectively).
Credit continues to be directed toward production and business activities, with approximately 78% of outstanding loans supporting these sectors.
Key priority areas, as directed by the Government and the Prime Minister, have seen substantial credit allocation (e.g., agriculture at 22.76% and small and medium-sized enterprises at 19.04%) or high growth rates (e.g., supporting industries and high-tech enterprises growing at 23.14% and 25.02%, respectively).
Why Is Credit Pouring into Real Estate?
Ms. Ha Thu Giang, Director of the Credit Department for Economic Sectors at the State Bank of Vietnam, revealed that as of the end of August, real estate credit had surpassed 4 million billion VND, marking a significant increase of approximately 19%.
Southeast Region Real Estate Credit Surges by 10.9%
By the end of August 2025, the total outstanding credit for real estate loans in the Southeast region (Ho Chi Minh City and Dong Nai Province) reached 1,465 trillion VND, marking a 10.9% increase compared to the end of the previous year and a 16.7% rise year-on-year.
Is Home-Buying Capital Becoming More Affordable for Young People?
The real estate credit line has shown a robust recovery since the beginning of 2025, fueled by stable mortgage interest rates that have reignited market activity. Experts highlight this trend as a key driver in cultivating a sustainable and potential customer base for the banking sector.
Commercial Real Estate Loans with a 200% Risk Weighting
As of July 31, 2025, Vietnam’s real estate credit outstanding balance reached VND 4,080 trillion, marking a 16.95% increase compared to the end of 2024, outpacing the overall credit growth rate, according to the State Bank of Vietnam. In line with the government’s directives, the central bank has implemented various credit measures to support the real estate market, facilitate access to capital for individuals and businesses, and ensure the safety and stability of banking operations.
Real Estate Credit Outstanding Debt Surpasses 4.1 Million Billion Dong
According to the State Bank of Vietnam, as of July 31, 2025, the outstanding real estate credit balance has surpassed 4.1 quadrillion VND.
