Loans to real estate at 16.8% of total

This was down from 17.1 percent at the end of last year, reports from the National Financial Supervisory Commission showed.
According to the report, 10.3 percent of the loans were given to the construction industry and 6.5 percent were for real estate trading.
The commission also reported that credit growth of the entire banking system by the end of September was 11.5 percent. The rise would be 12.9 percent if loans for bonds were included.

Credit growth of the entire banking system by the end of September was 11.5 percent.

Medium- and long-term loans during the period were on an upward trend, rising 10.7 percent and accounting for 54 percent of the total outstanding loans of all credit institutions.
Loans in the Vietnamese dong surged 13 percent and made up roughly 91.6 percent of the total loans, unchanged as compared to the same period last year.
However, loans in foreign currencies rose up to 12.9 percent, much higher than the 5.4 percent in the same period last year.
To better control the lending, the SBV governor Le Minh Hung last month issued a document warning credit institutions and foreign bank branches to strictly implement regulations on foreign currency deposits and loans.
To ensure compliance with the SBV’s regulations and its directives on safe and sound operations of credit institutions, the governor said the institutions should strictly control credit growth in foreign currencies, keep their foreign currency credit-deposit ratio at appropriate levels and ensure a balance between deposits and loans.
They must not resort to technical ruses to exceed the deposit interest rate ceiling, and acts of unfair competition in mobilizing deposits are a strict no-no, the governor warned.
They must penalize heads of branches who do not comply with the SBV regulations, and proactively report credit institutions competing in an unfair manner or violating regulations on foreign deposit interest rates, he said.