Vietnamese firms default on $5.5 bln in bond payment obligations

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

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

New Gemandept share issuance to finance ports expansion

New Gemandept share issuance to finance ports expansion

Gemadept, a leading Vietnamese port and logistics company, plans to issue shares to existing shareholders, with proceeds set to finance the expansion of some port projects.

Companies - 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

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