PM urges banks to boost real estate lending

HCMC – The Prime Minister has issued a directive urging banks to push lending to the real estate sector. This move comes as numerous real estate businesses have reported difficulties in gaining access to bank loans. The directive further emphasizes the need for banks to provide effective solutions that make it easier for businesses, real estate projects, and homebuyers to access credit. However, access to capital remains a challenge for many real estate businesses as their concerns shift from high interest rates to difficulties in obtaining loans. The HCMC Real Estate Association has proposed that the SBV amend Circular 06/2023, citing concerns over potential credit constraints for real estate businesses.