Real estate credit reached about 4.1 million billion VND

Illustration photo.

According to data updated by the State Bank as of August 31, total outstanding credit for the real estate sector has reached about VND4.1 million billion. Outstanding loans for real estate business activities alone amount to VND1.82 million billion, showing that bank capital flows are returning to support the market after a period of stagnation in late 2023 and the first half of 2024.

In terms of structure, credit for urban construction and housing development investment projects accounts for the largest proportion with nearly 615,000 billion VND. Next is outstanding debt for customers buying land use rights; industrial park and export processing zone construction projects; the rest is outstanding debt for office rental projects and other segments.

The positive growth in real estate credit reflects the gradual recovery of the market, especially when many projects with previous legal problems are being resolved.

However, experts say that in the context of a market with many risks, controlling capital flows into real estate still needs to be strictly implemented to avoid price bubbles and ensure the banking system operates safely and healthily.

Along with credit, the corporate bond channel, especially real estate bonds, is showing clear signs of recovery. In the first 9 months of 2025, the total value of corporate bonds issued reached nearly VND 398,000 billion, up 44% over the same period in 2024. The real estate sector alone accounted for more than VND 70,000 billion, equivalent to 18% of the total issuance value, up 35% over the same period last year. This is a signal that investor confidence is gradually returning.

A notable point is that along with new issuances, real estate businesses are also actively buying back bonds before maturity. In the first 8 months of 2025 alone, the buyback value reached about 43,000 billion VND, an increase of 47% over the same period in 2024. This demonstrates the efforts of businesses in restructuring cash flow and fulfilling financial responsibilities to investors after extensions under Decree 08/2023/ND-CP.

Source: https://vtv.vn/tin-dung-bat-dong-san-dat-khoang-41-trieu-ty-dong-100251104142255099.htm