SBV has not tightened credit into real estate

State Bank of Vietnam deputy governor Tu dismissed the recent rumours from some associations that the central bank has been squeezing loans for this sector, saying that there has been no new document or statement issued on the matter. — Reuters

HANOI: The State Bank of Vietnam (SBV) has not tightened credit into the real estate sector, deputy governor of the State Bank of Vietnam Dao Minh Tu has confirmed in a meeting with Vietnamese banks and property developers.

Tu dismissed the recent rumours from some associations that the central bank has been squeezing loans for this sector, saying that there has been no new document or statement issued on the matter.