The State Bank of Vietnam (SBV) reported on Deputy Governor Nguyễn Ngọc Cảnh’s participation in the 6th Session of the Central Steering Committee on Housing Policy and the Real Estate Market, where the banking sector’s support for housing and the real estate market was discussed alongside measures to manage associated credit risks. The Prime Minister tasked the SBV with speeding up disbursement of existing social housing credit packages and strengthening controls over speculative real estate credit. From a monetary and credit policy perspective, the Deputy Governor described actions including adjustments to credit growth and maintaining operating interest rates to enable credit institutions to access SBV funding at low cost, noting that real estate credit growth in 2025 was higher than overall credit growth. The SBV said it monitors real estate credit developments to safeguard banking system safety and proposed further work on housing, real estate and land market databases, as well as improvements to securities market and corporate bond market regulations to support more sustainable capital market financing. In concluding directions, the Prime Minister instructed the SBV to accelerate disbursement of social housing credit packages approved under Decision No. 338/QD-TTg of 3 May 2023, submit monthly disbursement data to the Ministry of Construction, and promote lending for people under 35 years old, while closely monitoring and directing credit institutions to strictly control credit to the real estate sector and speculative borrowing.

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