Real estate loans reached approximately 4.1 million billion VND.

VTV.vn - The positive growth in real estate credit reflects the gradual recovery of the market.

Illustrative image.

According to data updated by the State Bank of Vietnam as of August 31st, the total outstanding credit to the real estate sector reached approximately 4.1 trillion VND. Specifically, outstanding loans for real estate business activities amounted to 1.82 trillion VND, indicating that bank capital is returning to support the market after a period of stagnation at the end of 2023 and the first half of 2024.

In terms of structure, credit for urban development and housing projects accounts for the largest proportion, at nearly 615,000 billion VND. This is followed by outstanding loans for customers purchasing land use rights; industrial park and export processing zone construction projects; and the remainder is outstanding loans for office rental projects and other segments.

The positive growth in real estate credit reflects the gradual recovery of the market, especially as many projects that previously faced legal obstacles are now being resolved.

However, experts believe that, given the many risks in the market, strict control over capital flows into real estate is still necessary to prevent price bubbles and ensure the safe and sound operation of the banking system.

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

Notably, alongside new bond issuances, real estate businesses have also been actively repurchasing bonds ahead of schedule. In the first eight months of 2025 alone, the repurchase value reached approximately VND 43,000 billion, a 47% increase compared to the same period in 2024. This demonstrates the businesses' efforts to restructure cash flow and fulfill their 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