real estate credit
Having been dealt many blows, real estate firms have changed their business strategies and scaled down operations.
With Circular 22, which took effect on January 1, the State Bank of Vietnam (SBV) has laid a new block to restrict capital flow to the property sector.
Real estate firms are seeking new sources of capital as commercial banks have tightened lending.
The credit growth rates of state-owned banks are decreasing, but rising at joint stock banks.