Smoothly dealing with difficulties in the real estate sector is an important factor contributing to getting the economy back on track. In fact, bad debt stemming from the real estate sector has recently increased. The ratio of real estate bad debts in June 2022 was 1.53 per cent while the figure a year later was 2.47 per cent. Meanwhile, the credit growth of the whole market in the first seven months of the year was just 4.56 per cent. It should be noted that the suspension is just a temporary measure to help real estate enterprises get easier access to bank lending.

Source: Viet Nam News September 05, 2023 06:23 UTC