While local banks are turning off the ‘vietnam real estate credit valve’ as requested by the State Bank of Vietnam, foreign banks are trying to increase credit.
Several foreign banks and foreign investment funds have jumped onto the bandwagon. Prudential, an insurer, through its fund management company and finance leasing company has announced the programme on lending to the clients who have permanent and long term residential registration books.
All the clients, who have the monthly income of VND4,8mil and higher, can access the loans with no mortgage assets.
