The State Bank of Vietnam has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer and the consumption sector.
The COVID-19 pandemic has led to many construction and real estate projects being delayed, resulting in large inventories of construction materials, especially steel.
Nearly 500 enterprises will showcase their products in more than 1,700 pavilions at the 2018 Vietbuild international exhibition in Ha Noi from March 28 to April 1.
State Bank of Viet Nam (SBV) has asked credit institutions to limit their lending to the real estate and construction sectors to better control bad debts.
Vietnamese shares rose slightly on Tuesday after falling during the morning session, due to investors’ profit-taking attempts that hit large-cap stocks in the brokerage, real estate and construction sectors.
The managing board of Dat Xanh Real Estate Service & Construction Corporation has approved plans to hike its charter capital to VND3 trillion (US$132 million), and establish a $42 million subsidiary this year.