Wednesday, November 21, 2007

SBV to put brakes on overly hot real estate credit

Ho Huu Hanh, Director of the HCM City Branch of the State Bank of Vietnam, has revealed that the central bank will introduce policies to control real estate credit.

Commercial banks are rushing to pump money into the real estate market, considering this a good address for their usable capital. Do you think that the funding of house and land purchasing deals is risky?

Vietnam Real Estate News

Chao Vietnam Properties