The State Bank of Vietnam (SBV) extends the credit limit in 2022 for a number of credit institutions. Accordingly, the line of credit limit is adjusted from 0.7% to 4% for different commercial banks.
Although only a few commercial banks have been approved for the expansion of the credit room, according to experts, real estate companies are excited about VND 457 trillion, which will be injected into the market according to the credit growth target of 14% for 2022.
This is a positive decision, which has a strong impact on the psychology of customers, helping the market to get more transactions from real estate buyers and the real estate market should heat up.
Previously, the SBV had tightened credit, leading to a limited supply of homes over the past eight months; Worse, most high quality housing projects have been invested by reputable companies with a good financial footing. Therefore, the room’s easing move will help companies develop new supply and release inventory in the near future.
However, according to experts, the new credit chamber only helps to quell some of the thirst for capital of businesses and buyers, the cash will go to good quality projects with reasonable prices that meet the housing needs of the clients.
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