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Bank loans to Vietnam property sector up 6 pct in first 9 months

HANOI, Nov. 14 (Xinhua) — The bank loans to the property sector in Vietnam went up 6 percent year-on-year to reach 2,740 trillion Vietnamese dong (114.2 billion U.S. dollars) in the first nine months of this year, local media VnExpress reported Tuesday, citing the State Bank of Vietnam (SBV).

Mortgages accounted for 64 percent and developers borrowed 986.4 trillion dong (40.48 billion dollars), or 36 percent of