{"id":6282,"date":"2026-05-11T10:37:34","date_gmt":"2026-05-11T03:37:34","guid":{"rendered":"https:\/\/datkhucongnghiep247.com.vn\/en\/?p=6282"},"modified":"2026-05-11T10:37:34","modified_gmt":"2026-05-11T03:37:34","slug":"real-estate-be-classified","status":"publish","type":"post","link":"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/","title":{"rendered":"How Should Real Estate Be Classified for Lending 2026"},"content":{"rendered":"<h2 data-section-id=\"1vecf1r\" data-start=\"53\" data-end=\"148\"><span class=\"ez-toc-section\" id=\"Classifying_Real_Estate_by_Cash_Flow_and_Real_Demand_Is_the_Key_to_Smarter_Credit_Allocation\"><\/span>Classifying Real Estate by Cash Flow and Real Demand Is the Key to Smarter Credit Allocation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"150\" data-end=\"453\">The classification of real estate assets for credit lending purposes is becoming a major topic among policymakers, banks, and economic experts in Vietnam. As the property market enters a restructuring phase, balancing credit control with support for productive sectors has become increasingly important.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6283\" src=\"https:\/\/datkhucongnghiep247.com.vn\/en\/wp-content\/uploads\/2026\/05\/a76d07c6-1533-4e08-99c8-663eda3e051d.png\" alt=\"real-estate.webp\" width=\"635\" height=\"423\" srcset=\"https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/a76d07c6-1533-4e08-99c8-663eda3e051d.png 1536w, https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/a76d07c6-1533-4e08-99c8-663eda3e051d-768x512.png 768w, https:\/\/industrialland.com.vn\/en\/wp-content\/uploads\/2026\/05\/a76d07c6-1533-4e08-99c8-663eda3e051d-510x340.png 510w\" sizes=\"auto, (max-width: 635px) 100vw, 635px\" \/><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">M\u1ee4C L\u1ee4C<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Classifying_Real_Estate_by_Cash_Flow_and_Real_Demand_Is_the_Key_to_Smarter_Credit_Allocation\" >Classifying Real Estate by Cash Flow and Real Demand Is the Key to Smarter Credit Allocation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#1_Housing_for_Real_Residential_Demand_Should_Receive_Priority\" >1. Housing for Real Residential Demand Should Receive Priority<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Low-risk_segment_with_stable_liquidity\" >Low-risk segment with stable liquidity<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#2_Income-Generating_Real_Estate_Should_Be_Treated_Like_Productive_Credit\" >2. Income-Generating Real Estate Should Be Treated Like Productive Credit<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Industrial_parks_logistics_and_rental_assets_generate_stable_cash_flow\" >Industrial parks, logistics, and rental assets generate stable cash flow<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#3_Legally_Complete_Development_Projects_Should_Receive_Controlled_Financing\" >3. Legally Complete Development Projects Should Receive Controlled Financing<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Preventing_supply_shortages_in_the_market\" >Preventing supply shortages in the market<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#4_Speculative_Land_and_Weak-Legal_Projects_Should_Face_Tight_Credit_Controls\" >4. Speculative Land and Weak-Legal Projects Should Face Tight Credit Controls<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Highest-risk_segment_in_the_market\" >Highest-risk segment in the market<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Monetary_Policy_Should_Not_Be_%E2%80%9COverreactive%E2%80%9D\" >Monetary Policy Should Not Be \u201cOverreactive\u201d<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Stability_is_more_important_than_sudden_tightening\" >Stability is more important than sudden tightening<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Tax_Policy_Is_the_Most_Effective_Long-Term_Tool_Against_Speculation\" >Tax Policy Is the Most Effective Long-Term Tool Against Speculation<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Fiscal_policy_should_become_the_core_market_regulator\" >Fiscal policy should become the core market regulator<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Vietnam_Needs_More_Long-Term_Capital_Channels_Beyond_Banks\" >Vietnam Needs More Long-Term Capital Channels Beyond Banks<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Reducing_dependence_on_bank_credit\" >Reducing dependence on bank credit<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Outlook_for_Vietnams_Real_Estate_Credit_Policy\" >Outlook for Vietnam\u2019s Real Estate Credit Policy<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Capital_flows_will_increasingly_favor_productive_segments\" >Capital flows will increasingly favor productive segments<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/industrialland.com.vn\/en\/real-estate-be-classified\/#Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" >Free access to exclusive information on warehouse, factory, and land rentals in Dong Nai, Binh Duong, Long An, Ho Chi Minh City, and more.<\/a><\/li><\/ul><\/nav><\/div>\n\n<p data-start=\"455\" data-end=\"790\">Recently, during a meeting with <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">State Bank of Vietnam<\/span><\/span> regarding economic performance in the first months of 2026, Prime Minister <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">L\u00ea Minh H\u01b0ng<\/span><\/span> instructed the central bank to study and classify different types of real estate in order to apply more appropriate credit limits and risk coefficients.<\/p>\n<p data-start=\"792\" data-end=\"914\">According to experts, instead of tightening credit across the entire market, Vietnam should classify real estate based on:<\/p>\n<ul data-start=\"915\" data-end=\"1006\">\n<li data-section-id=\"19mhpt1\" data-start=\"915\" data-end=\"937\">Cash flow generation<\/li>\n<li data-section-id=\"9j2spg\" data-start=\"938\" data-end=\"959\">Real housing demand<\/li>\n<li data-section-id=\"nx04dy\" data-start=\"960\" data-end=\"982\">Level of speculation<\/li>\n<li data-section-id=\"1p89b0h\" data-start=\"983\" data-end=\"1006\">Economic contribution<\/li>\n<\/ul>\n<p data-start=\"1008\" data-end=\"1128\">This approach would allow capital to flow into sectors that create real economic value while reducing speculative risks.<\/p>\n<hr data-start=\"1130\" data-end=\"1133\" \/>\n<h1 data-section-id=\"rdkcu4\" data-start=\"1135\" data-end=\"1199\"><span class=\"ez-toc-section\" id=\"1_Housing_for_Real_Residential_Demand_Should_Receive_Priority\"><\/span>1. Housing for Real Residential Demand Should Receive Priority<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"1mye9a3\" data-start=\"1201\" data-end=\"1242\"><span class=\"ez-toc-section\" id=\"Low-risk_segment_with_stable_liquidity\"><\/span>Low-risk segment with stable liquidity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1244\" data-end=\"1395\">According to economist Dr. L\u00ea B\u00e1 Ch\u00ed Nh\u00e2n, the first category that should receive priority credit access is real estate serving genuine housing demand.<\/p>\n<p data-start=\"1397\" data-end=\"1417\">This group includes:<\/p>\n<ul data-start=\"1418\" data-end=\"1568\">\n<li data-section-id=\"1oyqnoy\" data-start=\"1418\" data-end=\"1434\">Social housing<\/li>\n<li data-section-id=\"jtl87b\" data-start=\"1435\" data-end=\"1466\">Affordable commercial housing<\/li>\n<li data-section-id=\"1crxudx\" data-start=\"1467\" data-end=\"1506\">Legally completed off-plan apartments<\/li>\n<li data-section-id=\"x5ehz3\" data-start=\"1507\" data-end=\"1568\">Residential properties purchased for actual living purposes<\/li>\n<\/ul>\n<p data-start=\"1570\" data-end=\"1774\">These properties typically maintain strong liquidity and stable long-term demand. Buyers usually have clear income sources and repayment ability tied to stable salaries, resulting in lower bad debt risks.<\/p>\n<p data-start=\"1776\" data-end=\"1812\">Experts believe this segment should:<\/p>\n<ul data-start=\"1813\" data-end=\"1930\">\n<li data-section-id=\"vfv2at\" data-start=\"1813\" data-end=\"1846\">Receive lower risk coefficients<\/li>\n<li data-section-id=\"1h4f1v0\" data-start=\"1847\" data-end=\"1892\">Enjoy long-term preferential interest rates<\/li>\n<li data-section-id=\"1ig756f\" data-start=\"1893\" data-end=\"1930\">Have more flexible lending policies<\/li>\n<\/ul>\n<p data-start=\"1932\" data-end=\"2049\">Supporting real housing demand not only improves social welfare but also helps stabilize the broader property market.<\/p>\n<hr data-start=\"2051\" data-end=\"2054\" \/>\n<h1 data-section-id=\"koj87w\" data-start=\"2056\" data-end=\"2131\"><span class=\"ez-toc-section\" id=\"2_Income-Generating_Real_Estate_Should_Be_Treated_Like_Productive_Credit\"><\/span>2. Income-Generating Real Estate Should Be Treated Like Productive Credit<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"dstcjz\" data-start=\"2133\" data-end=\"2208\"><span class=\"ez-toc-section\" id=\"Industrial_parks_logistics_and_rental_assets_generate_stable_cash_flow\"><\/span>Industrial parks, logistics, and rental assets generate stable cash flow<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2210\" data-end=\"2343\">The second category includes real estate assets capable of generating stable business cash flow and is considered medium-to-low risk.<\/p>\n<p data-start=\"2345\" data-end=\"2365\">This group includes:<\/p>\n<ul data-start=\"2366\" data-end=\"2525\">\n<li data-section-id=\"19k8p10\" data-start=\"2366\" data-end=\"2384\">Industrial parks<\/li>\n<li data-section-id=\"16vp88d\" data-start=\"2385\" data-end=\"2407\">Logistics warehouses<\/li>\n<li data-section-id=\"1uawlhk\" data-start=\"2408\" data-end=\"2436\">Office buildings for lease<\/li>\n<li data-section-id=\"wxb0kj\" data-start=\"2437\" data-end=\"2453\">Shopping malls<\/li>\n<li data-section-id=\"an37p8\" data-start=\"2454\" data-end=\"2472\">Operating hotels<\/li>\n<li data-section-id=\"1y9q2b2\" data-start=\"2473\" data-end=\"2525\">Tourism properties with actual business operations<\/li>\n<\/ul>\n<p data-start=\"2527\" data-end=\"2703\">According to Dr. L\u00ea B\u00e1 Ch\u00ed Nh\u00e2n, these assets directly support economic production and business activities while generating stable revenue from rental contracts and operations.<\/p>\n<p data-start=\"2705\" data-end=\"2874\">Therefore, classifying them as \u201chigh-risk real estate\u201d does not accurately reflect their nature. Instead, they should be treated similarly to productive business credit.<\/p>\n<p data-start=\"2876\" data-end=\"2970\">Industrial real estate, in particular, is increasingly viewed as a strategic sector thanks to:<\/p>\n<ul data-start=\"2971\" data-end=\"3101\">\n<li data-section-id=\"1c8hdfa\" data-start=\"2971\" data-end=\"2991\">Strong FDI inflows<\/li>\n<li data-section-id=\"1gqcpyk\" data-start=\"2992\" data-end=\"3029\">Manufacturing shifts toward Vietnam<\/li>\n<li data-section-id=\"1cm8wx5\" data-start=\"3030\" data-end=\"3074\">Expanding public infrastructure investment<\/li>\n<li data-section-id=\"15wzxf5\" data-start=\"3075\" data-end=\"3101\">Growing logistics demand<\/li>\n<\/ul>\n<p data-start=\"3103\" data-end=\"3336\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Hu\u1ef3nh Duy Sang<\/span><\/span> stated that <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Asia Commercial Joint Stock Bank<\/span><\/span> has gradually expanded lending toward industrial real estate because this type of financing effectively supports Vietnam\u2019s manufacturing economy.<\/p>\n<p data-start=\"3338\" data-end=\"3450\">According to Mr. Sang, industrial real estate will remain one of ACB\u2019s strategic priorities in the coming years.<\/p>\n<hr data-start=\"3452\" data-end=\"3455\" \/>\n<h1 data-section-id=\"1r3xj04\" data-start=\"3457\" data-end=\"3535\"><span class=\"ez-toc-section\" id=\"3_Legally_Complete_Development_Projects_Should_Receive_Controlled_Financing\"><\/span>3. Legally Complete Development Projects Should Receive Controlled Financing<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"1qdpruo\" data-start=\"3537\" data-end=\"3581\"><span class=\"ez-toc-section\" id=\"Preventing_supply_shortages_in_the_market\"><\/span>Preventing supply shortages in the market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3583\" data-end=\"3726\">The third category consists of real estate development projects that are still under construction but already possess full legal documentation.<\/p>\n<p data-start=\"3728\" data-end=\"3753\">These projects generally:<\/p>\n<ul data-start=\"3754\" data-end=\"3874\">\n<li data-section-id=\"5l40dg\" data-start=\"3754\" data-end=\"3778\">Have approved planning<\/li>\n<li data-section-id=\"1a2tm7h\" data-start=\"3779\" data-end=\"3801\">Possess cleared land<\/li>\n<li data-section-id=\"pwxz6w\" data-start=\"3802\" data-end=\"3835\">Hold valid construction permits<\/li>\n<li data-section-id=\"oxocxz\" data-start=\"3836\" data-end=\"3874\">Achieve a certain level of pre-sales<\/li>\n<\/ul>\n<p data-start=\"3876\" data-end=\"4043\">Experts believe the main risks in this segment relate to project progress and market fluctuations, both of which can be managed through staged disbursement mechanisms.<\/p>\n<p data-start=\"4045\" data-end=\"4121\">If credit is excessively restricted for these projects, the market may face:<\/p>\n<ul data-start=\"4122\" data-end=\"4221\">\n<li data-section-id=\"5h660p\" data-start=\"4122\" data-end=\"4140\">Supply shortages<\/li>\n<li data-section-id=\"61q4lp\" data-start=\"4141\" data-end=\"4169\">Delayed project completion<\/li>\n<li data-section-id=\"s11hf9\" data-start=\"4170\" data-end=\"4194\">Rising financing costs<\/li>\n<li data-section-id=\"1lyi0zk\" data-start=\"4195\" data-end=\"4221\">Supply-demand imbalances<\/li>\n<\/ul>\n<p data-start=\"4223\" data-end=\"4349\">Therefore, experts suggest that these projects should continue receiving controlled financing instead of blanket restrictions.<\/p>\n<hr data-start=\"4351\" data-end=\"4354\" \/>\n<h1 data-section-id=\"fk92ck\" data-start=\"4356\" data-end=\"4435\"><span class=\"ez-toc-section\" id=\"4_Speculative_Land_and_Weak-Legal_Projects_Should_Face_Tight_Credit_Controls\"><\/span>4. Speculative Land and Weak-Legal Projects Should Face Tight Credit Controls<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"9bw332\" data-start=\"4437\" data-end=\"4474\"><span class=\"ez-toc-section\" id=\"Highest-risk_segment_in_the_market\"><\/span>Highest-risk segment in the market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4476\" data-end=\"4619\">According to Dr. L\u00ea B\u00e1 Ch\u00ed Nh\u00e2n, the category requiring the strictest control includes speculative real estate and legally incomplete projects.<\/p>\n<p data-start=\"4621\" data-end=\"4641\">This group includes:<\/p>\n<ul data-start=\"4642\" data-end=\"4816\">\n<li data-section-id=\"2s472m\" data-start=\"4642\" data-end=\"4677\">Unregulated subdivided land plots<\/li>\n<li data-section-id=\"1wketr4\" data-start=\"4678\" data-end=\"4729\">Land accumulation for speculative price increases<\/li>\n<li data-section-id=\"1fekyut\" data-start=\"4730\" data-end=\"4774\">Projects lacking sufficient legal approval<\/li>\n<li data-section-id=\"1lcn846\" data-start=\"4775\" data-end=\"4816\">Short-term property flipping activities<\/li>\n<\/ul>\n<p data-start=\"4818\" data-end=\"4869\">These assets are considered high-risk because they:<\/p>\n<ul data-start=\"4870\" data-end=\"5003\">\n<li data-section-id=\"h8och8\" data-start=\"4870\" data-end=\"4905\">Do not create real economic value<\/li>\n<li data-section-id=\"1cdoy8y\" data-start=\"4906\" data-end=\"4942\">Increase the risk of asset bubbles<\/li>\n<li data-section-id=\"nurewc\" data-start=\"4943\" data-end=\"4978\">Can contribute to rising bad debt<\/li>\n<li data-section-id=\"3w6h6r\" data-start=\"4979\" data-end=\"5003\">Destabilize the market<\/li>\n<\/ul>\n<p data-start=\"5005\" data-end=\"5023\">Experts recommend:<\/p>\n<ul data-start=\"5024\" data-end=\"5135\">\n<li data-section-id=\"11nb880\" data-start=\"5024\" data-end=\"5059\">Applying higher risk coefficients<\/li>\n<li data-section-id=\"hkaxs6\" data-start=\"5060\" data-end=\"5091\">Tightening lending conditions<\/li>\n<li data-section-id=\"kdz8ab\" data-start=\"5092\" data-end=\"5135\">Strictly controlling loan-to-value ratios<\/li>\n<\/ul>\n<p data-start=\"5137\" data-end=\"5253\">The goal is to reduce speculative capital flows while prioritizing productive investment and genuine housing demand.<\/p>\n<hr data-start=\"5255\" data-end=\"5258\" \/>\n<h1 data-section-id=\"ocw0qm\" data-start=\"5260\" data-end=\"5306\"><span class=\"ez-toc-section\" id=\"Monetary_Policy_Should_Not_Be_%E2%80%9COverreactive%E2%80%9D\"><\/span>Monetary Policy Should Not Be \u201cOverreactive\u201d<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"or452y\" data-start=\"5308\" data-end=\"5361\"><span class=\"ez-toc-section\" id=\"Stability_is_more_important_than_sudden_tightening\"><\/span>Stability is more important than sudden tightening<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"5363\" data-end=\"5554\">From a broader perspective, economist Dr. Hu\u1ef3nh Thanh \u0110i\u1ec1n believes monetary policy should focus on maintaining stable financial flows rather than reacting abruptly to property market cycles.<\/p>\n<p data-start=\"5556\" data-end=\"5573\">According to him:<\/p>\n<ul data-start=\"5574\" data-end=\"5639\">\n<li data-section-id=\"12v9ovy\" data-start=\"5574\" data-end=\"5592\">Excessive easing<\/li>\n<li data-section-id=\"cdvulk\" data-start=\"5593\" data-end=\"5612\">Sudden tightening<\/li>\n<li data-section-id=\"wx5l07\" data-start=\"5613\" data-end=\"5639\">Or freezing credit flows<\/li>\n<\/ul>\n<p data-start=\"5641\" data-end=\"5686\">can all negatively affect economic stability.<\/p>\n<p data-start=\"5688\" data-end=\"5775\">Dr. \u0110i\u1ec1n believes real estate credit classification is necessary, but it should aim to:<\/p>\n<ul data-start=\"5776\" data-end=\"5904\">\n<li data-section-id=\"uwx1ur\" data-start=\"5776\" data-end=\"5814\">Build a sustainable market structure<\/li>\n<li data-section-id=\"17zxpp7\" data-start=\"5815\" data-end=\"5839\">Support genuine demand<\/li>\n<li data-section-id=\"1yl5fln\" data-start=\"5840\" data-end=\"5873\">Encourage productive investment<\/li>\n<li data-section-id=\"1qawom8\" data-start=\"5874\" data-end=\"5904\">Reduce long-term speculation<\/li>\n<\/ul>\n<hr data-start=\"5906\" data-end=\"5909\" \/>\n<h1 data-section-id=\"1q401yv\" data-start=\"5911\" data-end=\"5980\"><span class=\"ez-toc-section\" id=\"Tax_Policy_Is_the_Most_Effective_Long-Term_Tool_Against_Speculation\"><\/span>Tax Policy Is the Most Effective Long-Term Tool Against Speculation<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"92luvu\" data-start=\"5982\" data-end=\"6038\"><span class=\"ez-toc-section\" id=\"Fiscal_policy_should_become_the_core_market_regulator\"><\/span>Fiscal policy should become the core market regulator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"6040\" data-end=\"6153\">According to Dr. Hu\u1ef3nh Thanh \u0110i\u1ec1n, credit control alone is only a short-term solution for the real estate market.<\/p>\n<p data-start=\"6155\" data-end=\"6213\">In the long term, the most effective tools should include:<\/p>\n<ul data-start=\"6214\" data-end=\"6316\">\n<li data-section-id=\"18utkb8\" data-start=\"6214\" data-end=\"6230\">Property taxes<\/li>\n<li data-section-id=\"gqnsbs\" data-start=\"6231\" data-end=\"6284\">Taxes on second homes and additional land ownership<\/li>\n<li data-section-id=\"ut4ts\" data-start=\"6285\" data-end=\"6316\">Anti-speculation tax measures<\/li>\n<\/ul>\n<p data-start=\"6318\" data-end=\"6463\">He argues that if tax policies are designed properly, the market can self-regulate without relying too heavily on administrative credit controls.<\/p>\n<p data-start=\"6465\" data-end=\"6603\">In many speculative periods, a large proportion of transactions came from short-term reselling activities rather than real housing demand.<\/p>\n<hr data-start=\"6605\" data-end=\"6608\" \/>\n<h1 data-section-id=\"5gfx4j\" data-start=\"6610\" data-end=\"6670\"><span class=\"ez-toc-section\" id=\"Vietnam_Needs_More_Long-Term_Capital_Channels_Beyond_Banks\"><\/span>Vietnam Needs More Long-Term Capital Channels Beyond Banks<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"umc32x\" data-start=\"6672\" data-end=\"6709\"><span class=\"ez-toc-section\" id=\"Reducing_dependence_on_bank_credit\"><\/span>Reducing dependence on bank credit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"6711\" data-end=\"6830\">Experts also believe Vietnam\u2019s property market needs to develop more sustainable long-term funding channels, including:<\/p>\n<ul data-start=\"6831\" data-end=\"6946\">\n<li data-section-id=\"4rrkqn\" data-start=\"6831\" data-end=\"6848\">Corporate bonds<\/li>\n<li data-section-id=\"15j1bj8\" data-start=\"6849\" data-end=\"6882\">Infrastructure investment funds<\/li>\n<li data-section-id=\"ry8gac\" data-start=\"6883\" data-end=\"6906\">Housing savings funds<\/li>\n<li data-section-id=\"1dzgo0u\" data-start=\"6907\" data-end=\"6946\">Real estate investment trusts (REITs)<\/li>\n<\/ul>\n<p data-start=\"6948\" data-end=\"7068\">This would reduce pressure on the banking system while providing more stable capital sources for the real estate sector.<\/p>\n<p data-start=\"7070\" data-end=\"7165\">At the same time, completing Vietnam\u2019s national housing and real estate database would improve:<\/p>\n<ul data-start=\"7166\" data-end=\"7284\">\n<li data-section-id=\"1ep4xhf\" data-start=\"7166\" data-end=\"7190\">Ownership transparency<\/li>\n<li data-section-id=\"1h7q2u2\" data-start=\"7191\" data-end=\"7220\">Anti-speculation monitoring<\/li>\n<li data-section-id=\"1s0rir2\" data-start=\"7221\" data-end=\"7253\">Credit classification accuracy<\/li>\n<li data-section-id=\"qhy0w8\" data-start=\"7254\" data-end=\"7284\">Market management efficiency<\/li>\n<\/ul>\n<hr data-start=\"7286\" data-end=\"7289\" \/>\n<h1 data-section-id=\"17b42dz\" data-start=\"7291\" data-end=\"7340\"><span class=\"ez-toc-section\" id=\"Outlook_for_Vietnams_Real_Estate_Credit_Policy\"><\/span>Outlook for Vietnam\u2019s Real Estate Credit Policy<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 data-section-id=\"1xvzmsh\" data-start=\"7342\" data-end=\"7402\"><span class=\"ez-toc-section\" id=\"Capital_flows_will_increasingly_favor_productive_segments\"><\/span>Capital flows will increasingly favor productive segments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"7404\" data-end=\"7494\">According to experts, Vietnam\u2019s future real estate credit policies are likely to focus on:<\/p>\n<ul data-start=\"7495\" data-end=\"7672\">\n<li data-section-id=\"5xa3nf\" data-start=\"7495\" data-end=\"7527\">Supporting real housing demand<\/li>\n<li data-section-id=\"1p9rm8i\" data-start=\"7528\" data-end=\"7572\">Encouraging productive business activities<\/li>\n<li data-section-id=\"9ojxxb\" data-start=\"7573\" data-end=\"7610\">Prioritizing industrial real estate<\/li>\n<li data-section-id=\"g19rye\" data-start=\"7611\" data-end=\"7672\">Tightening speculative and short-term investment activities<\/li>\n<\/ul>\n<p data-start=\"7674\" data-end=\"7833\" data-is-last-node=\"\" data-is-only-node=\"\">This direction is expected to help Vietnam\u2019s real estate market become more stable, sustainable, and economically productive after several years of volatility.<\/p>\n<p data-start=\"5726\" data-end=\"5748\"><strong data-start=\"5726\" data-end=\"5746\">References:<\/strong><\/p>\n<ul data-start=\"5749\" data-end=\"5903\">\n<li data-section-id=\"qg9xo1\" data-start=\"5749\" data-end=\"5815\">\n<p data-start=\"5751\" data-end=\"5815\"><a class=\"decorated-link\" href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_new\" rel=\"noopener\" data-start=\"5751\" data-end=\"5813\">Dat Khu C\u00f4ng Nghi\u1ec7p 247<\/a><\/p>\n<\/li>\n<\/ul>\n<h1><span class=\"ez-toc-section\" id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\"><\/span><span id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" class=\"ez-toc-section\"><\/span><span id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" class=\"ez-toc-section\"><\/span><span id=\"Free_access_to_exclusive_information_on_warehouse_factory_and_land_rentals_in_Dong_Nai_Binh_Duong_Long_An_Ho_Chi_Minh_City_and_more\" class=\"ez-toc-section\"><\/span><strong>Free access to exclusive information on warehouse, factory, and land rentals in Dong Nai, Binh Duong, Long An, Ho Chi Minh City, and more.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><a href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_blank\" rel=\"noopener\"><strong>KHU C\u00d4NG NGHI\u1ec6P 247\u00a0<\/strong><\/a>is a company operating in the field of buying, selling, and leasing factories and real estate<strong>.<\/strong>.\u00a0<a href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_blank\" rel=\"noopener\">We<\/a>\u00a0are proud to be a leading provider of real estate services in Vietnam. We have a team of highly qualified and experienced real estate consultants who always place trust and credibility at the core of everything we do<a href=\"https:\/\/jsc-vietnam.com\/khu-che-xuat-la-gi-vai-tro-va-loi-ich\/\" target=\"_blank\" rel=\"noopener\">.<\/a><\/p>\n<p><strong>Phone:<\/strong>\u00a0<strong>0901 490 348<\/strong><\/p>\n<p><strong>Email:\u00a0<\/strong>datkhucongnghiep247@gmail.com<\/p>\n<p><strong>Website:\u00a0<\/strong><a href=\"https:\/\/datkhucongnghiep247.com.vn\/en\/\" target=\"_blank\" rel=\"noopener\">datkhucongnghiep247.com.vn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Classifying Real Estate by Cash Flow and Real Demand Is the Key to Smarter Credit Allocation The classification of real estate assets for credit lending purposes is becoming a major topic among policymakers, banks, and economic experts in Vietnam. As the property market enters a restructuring phase, balancing credit control with support for productive sectors [&#8230;]\n","protected":false},"author":12,"featured_media":6283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","rank_math_focus_keyword":"Real Estate","rank_math_title":"","rank_math_description":""},"categories":[1],"tags":[],"class_list":["post-6282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc"],"_links":{"self":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts\/6282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/comments?post=6282"}],"version-history":[{"count":1,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts\/6282\/revisions"}],"predecessor-version":[{"id":6284,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/posts\/6282\/revisions\/6284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/media\/6283"}],"wp:attachment":[{"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/media?parent=6282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/categories?post=6282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/industrialland.com.vn\/en\/wp-json\/wp\/v2\/tags?post=6282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}