Low demand for capital due to COVID-19 has caused bank credit in the first half of April to drop 0.5 percent compared with the end of March, according to the State Bank of Vietnam (SBV).

The HCM City Real Estate Association has recently proposed that the central bank should allow lenders to use 45 per cent of their short-term deposits for long- and medium-term loans next year instead of 40 per cent as it has mandated.

VietNamNet Bridge – Figures of real estate companies have shown Hanoi City could face an oversupply of offices and apartments for lease in the near future due to fast-growing supplies. 

 VietNamNet Bridge – The consequences of sharply declining investment within society have come into sharp focus.