The health of enterprises reflected the health of the economy, thus, it was necessary to have stronger solutions to prevent the wave of enterprises selling assets and leaving the market.
Property industry insiders said the State Bank of Viet Nam’s decision to tighten credit would mean pain in the short term for developers but help the sector develop sustainably over the long term.
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has signed a green credit loan agreement worth US$212 million with the International Finance Corporation and other international co-financiers in Hà Nội.
Total outstanding loans of credit institutions here grew 4.14 per cent
in this year''s first four months, with 80 per cent of the lending
extended for production and business activities.
The Ba Ria–Vung Tau branch of the Bank for Investment and Development of
Vietnam (BIDV) will loan VND30 billion (US$1.4 million) to the Gia Han
company for building a steel boat.