Vietnam bond market may be more vibrant in 2024: FiinRatings

Vietnam bond market may be more vibrant in 2024: FiinRatings

Vietnam’s corporate bond channel will be more vibrant this year than in 2023, forecast domestic credit ratings agency FiinRatings.

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

$9 bln worth of private placement corporate bonds issued in 11 months

$9 bln worth of private placement corporate bonds issued in 11 months

The total value of corporate bonds issued in Vietnam via private placements in the first 11 months of the year is estimated at VND218.56 trillion ($8.98 billion), down 10.1% year-on-year, according to securities broker VNDirect.

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

Vietnam local currency bond markets grows 3.9% in Q3, yields up

Vietnam local currency bond markets grows 3.9% in Q3, yields up

Vietnam’s local currency (LCY) bond market grew 3.9% quarter-on-quarter in the third quarter, driven by the State Bank of Vietnam (SBV) resuming issuance of treasury bills.

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

Vietnam property developers raise $2.28 bln from private placement bonds in 9 months

Vietnam property developers raise $2.28 bln from private placement bonds in 9 months

Real estate businesses in Vietnam mobilized about VND55.6 trillion ($2.28 billion) worth of bonds via private placements in the first nine months of the year, according to the Vietnam Bond Market Association (VBMA).

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

Over $1.07 bln of Vietnam corporate bonds to mature in Sept

Over $1.07 bln of Vietnam corporate bonds to mature in Sept

More than VND25.8 trillion ($1.07 billion) of private placement corporate bonds will mature in September, marking one of the highest months for maturity value in 2023, according to leading Vietnamese broker VNDirect.

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

Over $1.17 bln of bonds to mature in August: top broker

Over $1.17 bln of bonds to mature in August: top broker

More than VND27.9 trillion ($1.17 billion) of private placement corporate bonds will mature in August, about 31% higher than July, Vietnamese broker VNDirect estimated.

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

Vietnam corporate bond trading system inaugurated

Vietnam corporate bond trading system inaugurated

A trading platform for private placement corporate bonds (PPBs) was launched in Hanoi on Wednesday, marking an important milestone for Vietnam’s bond market

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

Corporate bonds account for 10% of TPBank’s total outstanding loans

Corporate bonds account for 10% of TPBank’s total outstanding loans

Vietnamese private lender TPBank’s corporate bond investments make up about 10% of its total outstanding loans and were covered by collateral, said CEO Nguyen Hung.

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

New circular allows banks to redeem corporate bonds

New circular allows banks to redeem corporate bonds

Vietnamese banks can now immediately buy back corporate bonds they have sold under a new circular issued by the State Bank of Vietnam (SBV).

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

Banks given green light to redeem corporate bonds

Banks given green light to redeem corporate bonds

Prime Minister Pham Minh Chinh has instructed the State Bank of Vietnam (SBV) to amend regulations to enable credit institutions to immediately redeem corporate bonds.

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

$9.4 bln in corporate bonds to mature by year-end

$9.4 bln in corporate bonds to mature by year-end

The value of corporate bonds maturing in the remaining nine months of 2023 is estimated at VND220.77 trillion ($9.4 billion), including VND93.2 trillion ($3.97 billion) issued by real estate firms, according to FiinRatings, a leading domestic credit rating agency.

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

Vietnamese real estate corporate bonds warm up

Vietnamese real estate corporate bonds warm up

Property businesses in Vietnam issued over VND23 trillion (nearly $981 million) in bonds this March after nearly half a year of "freezing".

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

Credit solutions needed to address outstanding realty firms’ bonds    

Credit solutions needed to address outstanding realty firms’ bonds    

Credit solutions need to be put in place to effectively deal with real estate businesses’ bond woes and enable developers, homebuyers and investors to access reasonable loan interest rates, said Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA).

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

New decree expected to remove bond market bottlenecks: top broker

New decree expected to remove bond market bottlenecks: top broker

A new decree on private placements of corporate bonds will create a necessary legal corridor to deal with current bottlenecks in the market, according to VNDirect Securities.

Finance - 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

Reputation of issuers key to bond investment decisions

Reputation of issuers key to bond investment decisions

The Vietnamese bond market has faltered over the past two years under the impact of market turbulences and declines in investor confidence due to legal incidents and some inaccurate media reports on bond issuers.

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

2023 a decisive year for real estate businesses: expert

2023 a decisive year for real estate businesses: expert

This year will be a decisive year for realty businesses, hence synchronous solutions regarding legal institutions, administrative procedures and the capital market are critical, said Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association.

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

Draft revised decree on private bond placement to be submitted next week

Draft revised decree on private bond placement to be submitted next week

The Ministry of Finance will submit the draft amendments to Decree 65 on private corporate bond placement to the government early next week, announced Deputy Minister Nguyen Duc Chi.

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

Real estate business bankruptcies up nearly 40%

Real estate business bankruptcies up nearly 40%

Cash flow difficulties and escalating material prices were among the reasons behind a 38.7% year-on-year increase in the number of Vietnamese real estate businesses going bankrupt or being dissolved in 2022.

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

PM forecasts difficult year ahead

PM forecasts difficult year ahead

Vietnam's economy is likely to experience more difficulties than advantages in 2023 amid complicated and unpredictable global situations, said Prime Minister Pham Minh Chinh.

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

Stock market plunges because of too many rumors: finance minister

Stock market plunges because of too many rumors: finance minister

A loss in investor confidence and too many rumors are major factors behind the recent plunge in the Vietnamese stock market, says Finance Minister Ho Duc Phoc.

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

Gov’t directs urgent action to stabilize corporate bond market

Gov’t directs urgent action to stabilize corporate bond market

The government has asked relevant ministries and agencies to urgently identify problems and solutions to stabilize the corporate bond market.

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

Bond risks to Vietnam’s credit system very low: data firm

Bond risks to Vietnam’s credit system very low: data firm

Corporate bond risks to Vietnam’s credit system remain very low, says FiinGroup, a leading Vietnamese financial data provider.

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

Nearly $2.44 bln in corporate bonds to mature in Q4

Nearly $2.44 bln in corporate bonds to mature in Q4

Bond maturity pressure will increase from the fourth quarter of this year when VND58,840 billion ($2.44 billion) worth of corporate bonds mature, a year-on-year increase of 87.7%.

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

VietinBank, Novaland unit lead September corporate bond issuance

VietinBank, Novaland unit lead September corporate bond issuance

Vietnam’s corporate bond market saw 25 private placement issuances and one public offering in September, led by VietinBank, property developer Nova Thao Dien, and Masan Group.

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

Corporate bond market stagnant for eight months

Corporate bond market stagnant for eight months

After the market was tightened up over transparency concerns, the issuance of corporate bonds in Vietnam has slowed significantly, latest data shows.

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

Corporate bond disputes to remain complicated: lawmaker

Corporate bond disputes to remain complicated: lawmaker

Complaints, denunciations and disputes related to corporate bonds are likely to remain complicated in the coming time, a lawmaker said Tuesday.

Economy - 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

Banking sector leads corporate bond issuance

Banking sector leads corporate bond issuance

The banking sector has maintained its lead in corporate bond issuance, totaling VND15,790 billion ($677.7 million) in June, according to the Vietnam Bond Market Association.

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

Real estate majors issue bonds dozens of times higher than equity

Real estate majors issue bonds dozens of times higher than equity

Major real estate developers have issued bonds with proceeds dozens of times, even up to 47 times, higher than their equity, raising concerns about repayment risks in cases of market turbulence.

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

Vietnam economy to recover strongly in 2022: ADB

Vietnam economy to recover strongly in 2022: ADB

Vietnam's economy is expected to rebound strongly in 2022 and even grow further in 2023, said ADB analysts.

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

Real estate corporate bonds less active

Real estate corporate bonds less active

Real estate companies in Vietnam issued VND820 billion ($35.4 million) in corporate bonds in April, a significant fall from the monthly average of $1.12 billion in 2021, according to top broker SSI Securities.

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

Bourse manipulation sophisticated: legislative body official

Bourse manipulation sophisticated: legislative body official

Price manipulation has occurred in the stock market, with increasingly sophisticated tactics, said Vu Hong Thanh, Chairman of the National Assembly's Economic Committee.

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

Tightened regulations threaten businesses with bond market exit

Tightened regulations threaten businesses with bond market exit

The Ministry of Finance has proposed a decree amendment to strictly tighten conditions for corporate bond issuance, especially through private placement.

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