HCMC — Real estate loans in HCMC had amounted to more than VND1.1 quadrillion by the end of April, up 2.8% from late 2024, said Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Region 2 Branch.
The city’s real estate credit growth outpaced overall credit growth, which expanded 2.6% in the same period.
Real estate loans accounted for about 28% of HCMC’s total outstanding credit. Of that, loans for self-use housing—such as home purchases, land use rights, and renovations—made up 65%, totaling VND727 trillion. This segment rose 0.6% compared to end-2024.
Social housing loans reached VND2.76 trillion by the end of April, up 4.8% month-on-month. In March, this figure grew 1.7%, while in February it dropped 2.5%.
Lenh said recent credit growth was supported by favorable interest rates and new lending packages. These include loans for social housing and for buyers under 35.
