Real estate developer Phat Dat clears bond debts, prepares for strong rebound: CEO
Phat Dat Real Estate Development JSC’s bond debts reached zero on Monday after the firm made its final repayment, marking the massive efforts made to solve its bond issues amid the challenging real estate market. This is one of the conditions the firm has created for a strong rebound towards higher goals, said CEO Bui Quang Anh Vu.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property developers need to optimize cheap foreign capital sources: expert
Vietnam’s real estate companies should unleash capital sources by tapping into cheap foreign capital sources, restore market confidence, and remove barriers facing the bond market, said experts on Tuesday.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Identify sustainable solutions to boost bond, realty markets: Vietnam PM
Vietnam's finance ministry, the central bank and other agencies have been tasked with identifying fresh solutions to prevent unexpected negative impacts and boost the bond and realty markets.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate developer Phat Dat to repay bond debts this year: CEO
Phat Dat Real Estate Development JSC is trying to complete its bond debt repayments this year as it prepares to begin 2024 with major changes, CEO Bui Quang Anh Vu tells The Investor.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Jardine Cycle & Carriage buys automaker Thaco bonds worth $350 mln
Jardine Cycle & Carriage, an investment holding company in Singapore, has spent $350 million on buying bonds of Thaco, one of the biggest automakers in Vietnam, in a private placement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam conglomerate Vingroup issues int’l bonds worth $250 mln
Vingroup has completed an issuance of international non-convertible bonds worth $250 million, the Vietnamese private conglomerate said Thursday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC proposes $150 mln investments in 2 Vietnam realty firms’ bonds
IFC, the World Bank Group’s private-sector investment arm, is mulling over pouring $150 million into two Vietnamese real estate companies via sustainability-linked bonds (SLBs).
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam hospitality real estate at a standstill
Just one resort villa project with 40 units was introduced to the Vietnamese market in July and only one unit of this was sold, according to Vietnamese property consultancy DKRA.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Who’s the owner of Casablanca JSC?
Real estate developer Casablanca JSC has completed payment of both principal and interest for bond code LDTCH213001 valued at VND240 billion ($10.14 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Corporate bonds in Vietnam recover strongly in Q1 as issuance rules eased
The issuance of corporate bonds in Vietnam expanded nearly 640% in Q1/2023 compared to Q4/2022 thanks to easier rules, the Asian Development Bank (ADB) said in its Asia Bond June 2023 report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial property developer Becamex cancels $85 mln bond issuance
Vietnamese industrial property developer Becamex, backed by global private equity firm Warburg Pincus, has decided to cancel a plan approved in 2022 to issue private placement bonds worth VND2 trillion ($85.2 million) due to unfavorable market conditions.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial developer Becamex to issue $42.6 mln in bonds to settle maturing bonds
Vietnamese industrial property developer Becamex, backed by global private equity firm Warburg Pincus, plans to issue a further VND1 trillion ($42.6 million) in bonds this June to pay for maturing bonds.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firms default on $5.5 bln in bond payment obligations
Ninety eight Vietnamese issuers failed to fulfill their bond payment obligations with a total value of VND128.5 trillion ($5.48 billion) from April 17 to May 4, up 13.6% from one month ago, according to leading domestic credit ratings agency FiinRatings.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long-term solutions vital to Vietnam capital market: BIDV chief economist
Can Van Luc, chief economist at state-controlled bank BIDV, details to The Investor his proposed measures expected to help the country’s capital market grow further amid the current credit crunch.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Corporate bonds equal to 1.6% of HDBank’s total outstanding loans, lowest among banks
Corporate bonds accounted for just 1.6% of Vietnamese lender HDBank’s total outstanding loans at the end of last year, the lowest ratio in the country’s banking system, its CEO Pham Quoc Thanh said.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prime minister demands lower interest rates to spur growth
Vietnamese PM Pham Minh Chinh has urged state-run commercial banks to cut both deposit and lending rates to support businesses and help revive the slowing economy.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan eyes $500 mln international bonds, two-digit revenue growth
Leading Vietnamese conglomerate Masan Group plans to issue international convertible bonds worth up to $500 million to increase its working capital this year, pursuing target revenue growth of 31%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's corporate bond market on road to recovery: Techcombank chairman
Vietnam's corporate bond market is set for a revival thanks to the government's Decree 08, and Techcombank views the news as an opportunity, said the private lender’s chairman Ho Hung Anh.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese firms make 11 private bond placements for $1.1 bln in Q1
Vietnam’s struggling corporate bond market witnessed 11 private placements in the first quarter of this year for a combined value of VND24,435 billion ($1.1 billion), accounting for 86.2% of the period’s total value of all bond issuances.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM asks developers for reasonable housing prices
Prime Minister Pham Minh Chinh has required realty developers to adjust their product structures and offer more reasonable prices to the public, as well as to invest more in the development of social housing and houses for workers with prices suited to people's income.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Property developer Novaland has bond payment terms extended
Vietnam's leading real estate developer Novaland has stricken deals with its bondholders to prolong payment terms as the government’s Decree 08, effective on March 5, allows corporate issuers to do so to help them ease cashflow troubles.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms likely to suffer from Credit Suisse downfall
The downfall of Credit Suisse, Switzerland's second-largest bank, is likely to pose problems for some Vietnamese corporations that had used the creditor to conduct business deals with.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
67 Vietnamese firms miss bond payment deadlines: FiinRatings
As many as 67 Vietnamese companies had failed to meet their bond payment obligations as of March 8, totalling VND89,300 billion ($3.79 billion) or 55% of their outstanding bonds, according to FiinRatings, a leading domestic credit rating agency.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Investor confidence must improve to unleash Vietnam's capital market
More transparency and expertise in Vietnam’s corporate bond market is needed for the country to recover investor confidence in its efforts to ease the current credit crunch in the capital market, heard a workshop Friday in Hanoi.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam realty market forecast to recover in 2024
Vietnam’s ailing real estate sector would only recover by next year despite government efforts to remove market woes, according to experts.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan announces new $650 mln syndicated loan
Vietnam’s leading private conglomerate Masan Group said Friday it has finished a roadshow for a new $650 million syndicated loan in 2023 following another for $600 million last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Not good to instantly sell shares used for bond mortgages: observers
Corporate bond issuers and the financial market in Vietnam are likely to be harmed if bondholders rush to get paid for their stocks used by issuers as mortgages at banks, according to some market observers.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
BCG Energy, Hanwha Energy agree new bond payment deadline
Vietnamese power firm BCG Energy and its partner Hanwha Energy have concluded a new timeline for the former to pay the latter part of an overdue bond.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC to invest $39 mln in Vietnam agri major BaF as strategic partner
The World Bank’s investment arm IFC has become a strategic partner in Vietnam-based BaF following Vietnamese regulatory approval of an IFC proposal to invest $39 million investment in the leading agri firm.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Abundance of issued corporate bonds harms realty market: businessman
Some real estate developers in Vietnam have issued too many bonds to mobilize capital, causing complicated fluctuations in the country’s financial sector and adversely affecting the property market, GP.Invest chairman Nguyen Quoc Hiep said.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM instructs banks to ease credit crunch
Prime Minister Pham Minh Chinh has ordered the country’s banking system, including the central bank (SBV), to rapidly provide smooth credit for the business community, which is facing a severe lack of funding.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM urges solutions to solve realty market woes
Prime Minister Pham Minh Chinh on Thursday asked the government, state agencies, and localities to continue solving problems in the real estate market in order to support national socio-economic development.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Prospects of investment channels in 2023
Vietnam's economy is forecast to continue facing a range of difficulties in 2023, when up to one third of the world's economies may fall into recession and global GDP is expected to grow only 2.2-2.5%, says Can Van Luc, director of BIDV Research & Training Institute.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to restructure stock, bond, realty markets
The Vietnamese government is prioritizing restructuring the monetary, securities, corporate bond, and real estate markets this year to protect the legitimate interests of businesses and investors.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shareholders okay HDBank’s $500 mln bond issuing plan
Ho Chi Minh City Development Joint Stock Commercial Bank, or HDBank, has secured its shareholders’ approval to issue convertible bonds worth $500 million to international investors, and increase the foreign ownership ratio at the bank to 20% from 18%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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