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Real estate credit remains a key focus during this year’s bank annual general meeting season, as bank leaders describe the sector as entering a corrective phase that calls for a more selective approach to capital allocation.
Across banks, leadership said capital should be directed toward projects with clear legal status, good liquidity, and real demand, while high-risk or speculative segments are restricted. However, each bank’s strategy differs in how it channels credit into real estate.
At Techcombank’s AGM on April 25, chairman Hồ Hùng Anh said real estate has remained one of the sectors contributing significantly to Vietnam’s economy for many years.
He emphasized that the core issue is risk management, noting that Techcombank lends only to projects with strong liquidity, complete legal documentation, and high-quality borrowers, including both corporate and individual clients.
The chairman said the bank does not finance projects with incomplete legal status or projects with poor liquidity.
On the outlook, he stated: “In the next 5–10 years real estate will still develop in Vietnam. The key is how we manage the risk.”
At VPBank’s AGM on April 22, CEO Nguyễn Đức Vinh said real estate remains important, but capital should be steered toward real demand rather than very high-value projects.
He said the bank will prioritize segments that meet needs, including social housing and middle-income and affordable projects, while limiting high-end, luxury projects.
He also pointed to the impact of underperforming projects in the past on capital recovery, adding that as policy conditions gradually loosen, VPBank remains cautious in credit allocation.
MB CEO Phạm Như Ánh said real estate credit is maintained at relatively low levels within the bank’s total portfolio. MB lends across three customer groups: large enterprises, small and medium enterprises, and individual customers.
According to MB leadership, real estate lending accounts for under 12% of the total portfolio, with business-related real estate lending around 10%. The bank said the non-performing loan ratio in this segment is lower than the bank’s overall level, at 1.2% last year.
Regarding loans to Novaland, he said: “Novaland has had no bad debt since our relationship with MB began.” He added that key projects have had legal obstacles removed and returned to development and sales, reducing pressure on the bank.
SHB chairman Đỗ Quang Hiển said real estate has a large spillover effect on the economy, stating that when real estate develops, it pulls along 41 industries.
He said SHB continues to provide credit to the sector, especially for infrastructure projects and projects with high liquidity, and also runs loan programs to help young people buy homes.
SHB leadership stressed that lending complies with State Bank of Vietnam regulations to ensure asset quality and system safety.
According to a 2025 Ministry of Construction report, real estate lending maintained steady growth across quarters and across most real estate types, including residential, office space for rent, and industrial parks.
The report said credit in the sector increased from over 1.56 quadrillion dong in Q1 to about 2 quadrillion dong by Q4 2025, nearly a 28% increase over one year.
Structurally, lending for urban development and housing projects continued to account for the largest share. Debt to this group rose from 481,017 billion dong in Q1 2025 to 628,654 billion dong in Q4 2025.
Similarly, lending for investment and development of real estate rose from 506,444 billion dong to 673,424 billion dong. The remainder includes lending for office project leasing, hospitality real estate, and home renovations.
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