VN Central Bank to inspect banks that pour money into real estateVietNamNet Bridge - The State Bank of Vietnam (SBV), in an effort to strictly control credit growth in the second half of the year, will take unscheduled inspection tours to banks that are pouring money into the real estate sector. Real estate credit comprises different types of loans, including loans to fund house purchases and upgrading, real estate trading and real estate development. In addition, Hieu said it is necessary to set limits for real estate credit. If limits are not set, it will be unclear which banks ‘pour much money into real estate’. He noted that the scale of real estate credit may be higher than reported, because many loan items are listed as ‘consumer credit’.
