Statistics
from the State Bank of Vietnam (SBV) showed that till the end of 2011, the
proportion of non-production loans of the entire banking system was at 11.3
percent, even exceeding 16 percent in some cases but the central bank came out
with timely control measures.
Property loans decreased from 10 percent to 9
percent and the property loan growth rate also declined to 15 percent.
In 2012, the central bank still limits loans
for non priority sectors (securities, real estate and consumer) at no higher
than 16 percent, which indicates that the "room" for real estate
loans almost depletes.
Do Minh Toan, deputy general director of Asia
Commercial Joint Stock Bank (ACB) said that currently ACB is limiting property
loans except home loans for staying purpose.
The bank does not lend for project
development.
Tran Hoang Ngan, member of the National
Assembly, suggested that to activate the real estate market, the central bank
should directly pump capital to create liquidity for the market. The capital
injection may be at 50 percent of the total outstanding loans for real estate
with duration of three years.
However, the central bank should require
commercial banks receiving these capital flows but they are disallowed to
increase the total outstanding debt but debt settlement only.
These commercial banks will resolve liquidity
problem and repay for to people to avoid taking the advantage of the amount of
capital pumped by the central bank to continue to invest in real estate.
Currently, the total deposits of the
commercial bank system are mainly for terms of 3-6 months while real estate
credit is often medium and long terms of about 5-10 years.
This year, the central bank will give requests
on restructuring the total deposits and lending. Commercial banks will continue
to tighten medium and long term loans and give priorities for short term loans.
Thus, real estate credit will be unlikely to have high growth.
VietBiz24
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