June 08, 2022 | 15:35

SBV monitoring real estate bad debts

According to State Bank of Vietnam (SBV) Governor Nguyen Thi Hong, as of the end of April, bad debts in the real estate sector totaled VND37 trillion ($1.59 billion), or 1.62 per cent of all outstanding loans in the economy. The central bank is strengthening the inspection of credit applications in the real estate sector to control bad debts and term liquidity risks.

SBV monitoring real estate bad debts
Photo: Illustration
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