Developers should lower real estate prices to pay bond debts: economist

Developers should lower real estate prices to pay bond debts: economist

Maturity pressure will remain a major obstacle for the Vietnamese corporate bond market in 2024, forcing businesses to sell or swap assets, writes economist Le Xuan Nghia, a member of the National Financial and Monetary Policy Advisory Council.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam property developers in race to raise capital

Vietnam property developers in race to raise capital

Construction and real estate businesses in Vietnam are mobilizing capital from bonds and stocks with the realty market forecast to gradually warm up in the last months of the year and start of 2024.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank to control credit in high-risk areas

Vietnam central bank to control credit in high-risk areas

The State Bank of Vietnam (SBV) will continue implementing solutions to control credit heading into high-risk areas, including speculative real estate areas, the high-end real estate segment with excess supply, securities and corporate bonds.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Budget carrier Vietjet plans $84.5 mln bond issuance

Budget carrier Vietjet plans $84.5 mln bond issuance

Vietnamese private carrier Vietjet Air has approved a plan to issue VND2 trillion ($84.5 million) worth of corporate bonds in order to meet operating costs.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

$31 bln of bonds to be registered on Hanoi bourse: top broker

$31 bln of bonds to be registered on Hanoi bourse: top broker

A total of 455 issuers are expected to register VND733 trillion ($31 billion) worth of bonds on the Hanoi Stock Exchange (HNX) within the next three months, according to leading broker Saigon Securities (SSI).

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam corporate bond exchange to be opened in July: Deputy PM

Vietnam corporate bond exchange to be opened in July: Deputy PM

Vietnamese Deputy Prime Minister Le Minh Khai on Thursday asked the Ministry of Finance (MoF) to put into operation a corporate bond trading floor this month to get the market moving.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam shipping firm Hai An plans to issue $21 mln in bonds

Vietnam shipping firm Hai An plans to issue $21 mln in bonds

Vietnam’s Hai An Transport and Stevedoring JSC plans to issue a maximum of VND500 billion ($21.3 million) of private placement bonds from 2023-2024.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietjet approves $85 mln bond issuing plan

Vietjet approves $85 mln bond issuing plan

Vietnamese budget carrier Vietjet Air has approved a plan to issue bonds worth VND2 trillion ($85.14 million) through a private placement.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

The Investor seminar seeks measures to unleash capital market

The Investor seminar seeks measures to unleash capital market

A seminar on measures to unleash the capital market will be held in Hanoi on Friday by The Investor as part of efforts to support businesses and the economy.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Real estate firm Nam An records Vietnam's second biggest bond issuance in one year

Real estate firm Nam An records Vietnam's second biggest bond issuance in one year

Nam An Investment and Trading JSC has announced the successful issuance of VND4.7 trillion ($199.26 million) in bonds on March 10, 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

New decree to help corporate bond market avoid short-term collapse: lawyer

New decree to help corporate bond market avoid short-term collapse: lawyer

The government's newly-issued Decree 08 on private corporate bond placements would help the Vietnamese corporate bond market avoid a short-term collapse by extending the repayment period and increasing demand for bonds, wrote lawyer Nguyen Thanh Ha, chairman of SB Law.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

New corporate bond decree makes real estate stocks rally

New corporate bond decree makes real estate stocks rally

Stocks of real estate companies made impressions on March 6 morning with many hitting their ceiling prices as a result of a new government decree on corporate bond private placements coming into force.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bond issuers can extend payment terms by 2 years

Bond issuers can extend payment terms by 2 years

A new decree from the Vietnamese government on corporate bond private placements allows issuers to extend their bond maturities by up to two years and pay principal and interest with assets other than cash.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fifty-four issuers report late repayment of bond principal, interest

Fifty-four issuers report late repayment of bond principal, interest

A total of 54 issuers reported late repayments of bond principal and interest from September 16, 2022 to January 31, 2023, according to the Hanoi Stock Exchange (HNX).

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Securities firm Tan Viet fined over bond violations

Securities firm Tan Viet fined over bond violations

The State Securities Commission of Vietnam has fined Tan Viet Securities Corporation (TVSI) a total of VND745 million ($31,800) for violations in offering corporate bonds in the 2021-2022 period.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Housing developer Nam Long bucks trend with $21 mln bond issue

Housing developer Nam Long bucks trend with $21 mln bond issue

Amidst a lull in the corporate bond market, Vietnam's leading housing developer Nam Long Investment Corporation has gone ahead with a VND500 billion ($21 million) issue, with its equity in subsidiaries as collateral.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

LienVietPostBank set to issue $83 mln worth of bonds

LienVietPostBank set to issue $83 mln worth of bonds

LienVietPostBank will offer 19.5 million bonds with a face value of VND100,000 ($4.25) per bond to the public for the proceeds totaling VND1,950 billion, or $82.72 million.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

New decree a critical move for corporate bond market revival

New decree a critical move for corporate bond market revival

Amendments to the newly-issued Decree 65 on private corporate bond placement are very urgent, says Dr. Le Xuan Nghia, member of the National Financial and Monetary Policy Advisory Council.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Private corporate bond placement plunges 56% in 11-month value

Private corporate bond placement plunges 56% in 11-month value

The value of corporate bonds issued via private placements in Vietnam dropped 56% year-on-year in the past 11 months, while that of public offerings was down 60%.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC must prioritize public investment disbursement to spur development: PM

HCMC must prioritize public investment disbursement to spur development: PM

The southern economic hub of Ho Chi Minh City needs to focus on public investment disbursement as it has fulfiled only 34% of the year's target to date, the lowest in the country, says Prime Minister Pham Minh Chinh.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southern Vietnam real estate firms in distress

Southern Vietnam real estate firms in distress

Real estate businesses in southern Vietnam are in a very difficult situation, unable to sell their products even at big discounts.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Van Thinh Phat-related real estate origin reviewed after chairwoman arrest

Van Thinh Phat-related real estate origin reviewed after chairwoman arrest

Ho Chi Minh City's police has asked the municipal Department of Natural Resources and Environment to review the origin of 156 properties related to Van Thinh Phat Group.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industrial developer Becamex buys back $8.49 mln bonds before maturity

Industrial developer Becamex buys back $8.49 mln bonds before maturity

Becamex IDC, Vietnam's leading developer of large-scale industrial townships, has bought back VND200 billion ($8.5 million) worth of bonds before maturity on August 31.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Corporate bond issuance declines in first six months

Corporate bond issuance declines in first six months

Corporate bond issuance took a dive in the first half of 2022 amid lower bond interest rates.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tax update May 2022

Tax update May 2022

Investment securities for which provision for devaluation can be made will not include government bonds, government-guaranteed bonds, and municipal bonds, according to a new circular.

KPMG - Mon, Dec 22, 2021 | 11:30 am GMT+7

Insurer Manulife Vietnam reports $206 mln loss after tax in 2021

Insurer Manulife Vietnam reports $206 mln loss after tax in 2021

Despite rising net premium, life insurer Manulife Vietnam recorded a loss after tax of VND4,741 billion ($206.5 million) in 2021, 2.9 times higher than its 2020 loss.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bonds essential capital source for real estate market

Bonds essential capital source for real estate market

Currently, Vietnam's real estate market is highly dependent on the credit system and corporate bonds. In the first two months of 2022, about $1.13 billion in corporate bonds were issued, doubling the volume in the same period last year, according to financial database provider FiinPro.

Opinion - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bring violations to light, improve market health: Prime Minister

Bring violations to light, improve market health: Prime Minister

Bringing violations to light will help safeguard legitimate investors and keep the bond and stock markets healthy, Prime Minister Pham Minh Chinh said on Friday.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vingroup member to issue $435 mln bonds for property projects

Vingroup member to issue $435 mln bonds for property projects

Vietnam Exhibition Fair Center JSC, a subsidiary of Vingroup, will raise VND10 trillion ($435 milion) from issuance of bonds to existing shareholders to fund two big property projects in Hanoi, including an exhibition center.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Developer Tan Hoang Minh Group chairman arrested

Developer Tan Hoang Minh Group chairman arrested

Do Anh Dung, Chairman of property developer Tan Hoang Minh Group, was detained by investigative police on Tuesday for allegedly “defrauding to appropriate property”.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC eyes $73 mln bond funding for developer Nam Long

IFC eyes $73 mln bond funding for developer Nam Long

The World Bank’s financial arm IFC has proposed a $73 million investment in Nam Long to support the major affordable housing developer in a project in Greater Ho Chi Minh City.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bonds worth $120 mln fuel T&T Group energy projects

Bonds worth $120 mln fuel T&T Group energy projects

T&T Group, a private multi-sector corporation, successfully raised nearly VND2.74 trillion ($120 million) via bond issuances for its wind power projects in the first months of the year.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Electric car maker VinFast raises $219 mln worth of bonds

Electric car maker VinFast raises $219 mln worth of bonds

VinFast, a subsidiary of Vietnam’s biggest listed company Vingroup, has completed a bond issuance worth VND5 trillion ($218.7 million) to fuel its electric car business.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7