Want to be in the loop?
subscribe to
our notification
Business News
REAL ESTATE COMPANIES ISSUE NO BONDS IN APRIL
The tightening of capital flows into the real estate sector has caused real estate businesses to halt the issuance of bonds in April.
This is according to data announced by the Việt Nam Bond Market Association (VBMA) in April.
VBMA said that by the end of April 29, the market had 23 private placement tranches of bonds with a value of VNĐ16.47 trillion (US$717.9 million) in the month.
The majority of businesses issuing bonds in April were commercial banks with a value of VNĐ14.94 trillion, accounting for 90.7 per cent of the total issued value. In this group, MBBank was the biggest issuing bank with VNĐ4.6 trillion of 3-year bonds and Sacombank was behind with VNĐ2.5 trillion of 3-year bonds.
The energy, transportation, manufacturing and financial groups also participated in private placement in the past month, but the volume only accounted for less than 10 per of the total issued value.
Notably, according to statistics from VBMA, in April, there were no bond issuances by real estate companies. This was contrast to March when real estate companies were still leading with 46.7 per cent of the total value of bonds issued in the month.
Since 2019, real estate businesses have been regularly in the group of businesses with the highest value of corporate bonds issued monthly, quarterly and annually. However, since the beginning of the year, after the tightening policy of capital inflows into this sector, the value of real estate corporate bonds has dropped sharply.
At the end of 2021 and the beginning of 2022, the Securities Commission has given sanctions in the field of corporate bonds against three enterprises, VsetGroup and Apec Group and VIS Securities Company.
At the beginning of April this year, the management agency announced the cancellation of nine bond issuances, totalling VNĐ10 trillion, of a group of companies under Tân Hoàng Minh Group. Not long after, the Ministry of Public Security also issued a decision to prosecute and detain Đỗ Anh Dũng, Chairman of Tân Hoàng Minh Group, and six related individuals for fraud and appropriation of property.
In January, real estate was still the group with the largest issuance value with VNĐ14.47 trillion, accounting for more than 55.8 per cent of the total issued value in the month.
In February, the issuance value of this group dropped sharply as no issuance was recorded. The figure reached VNĐ1.69 trillion in March. And in April, the market did not record any bond issuance.
However, according to VBMA, in the first four months of this year, real estate enterprises were still the leading group in terms of bond issuance value with VNĐ28.85 trillion, accounting for 37.35 per cent of the total value of bonds issued in the months.
It was followed by the banking group with VNĐ24.39 trillion, accounting for 31.57 per cent of the total issued value.
Source: VNS
Related News
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.