Experts warn GDP may decline if banks tighten real estate credit

The tightening of real estate credit may deal another blow to the real estate market, which is facing difficulties from all sides, experts say.

The State Bank of Vietnam (SBV) has set limits for banks’ loans to be disbursed for real estate investments. The aim is to restrict the funding of high-end real estate projects.

Once the real estate market slows down, industries such as steel, cement manufacturing and interior decoration will bear the influence, which will affect Vietnam’s GDP.

Read more at Vietnamnet.