Lenders in Ho Chi Minh City reported outstanding real estate loans of over VND1.11 quadrillion ($42.5 billion) in the first four months of 2025, up 2.85% compared to the end of 2024, according to data from the State Bank of Vietnam.

Real estate loans account for around 28% of the total outstanding credits of the southern city’s economy.

Of the total real estate loans, 65% were for home purchases, renovations, new construction, and land use rights for residential projects.

Credits for social housing development started to increase in the past two months. By the end of April, total outstanding loans for social houses reached more than VND2.76 trillion ($105 million).