Real estate bonds cause real headache
Let the creditors cleanse the real estate market. They know better than all others how to deal with their money. Background In 2023, there will be some VND130 trillion worth of real estate bonds reaching maturity. Now that the property market’s liquidity has tumbled, and many projects have ground
Over 80% of real estate bonds have low creditworthiness: FiinRatings
HCMC – Over 80% of real estate bonds have been issued by unlisted firms that are financially weak and have low transparency, said the credit rating agency FiinRatings. They may financially leverage further in 2023, causing default risk to grow at alarming rates, FiinRatings said in its latest
Finance Ministry proposes delaying Decree 65 until 2024
HCMC – The Ministry of Finance has released a draft decree amending Decree 65 on bond trading, proposing a one-year delay of putting the said decree into force. In its proposal, the ministry suggested that Decree 65 should take effect from January 1, 2024, as the bond market is in a liquidity
PM calls for measures to stabilize volatile bond market
HCMC – Prime Minister Pham Minh Chinh has signed an official dispatch ordering the Ministry of Finance to take prompt action to stabilize the volatile corporate bond market. The market for corporate bonds, especially those issued via private placement, is in a crisis and there seems to be no way
Ministry of Finance orders bond issuers to pay off debt
HCMC – The Ministry of Finance (MOF) has written to debt-issuing organizations, ordering them to cough up the principal and interest of their bonds and to closely follow regulations on bond issues. To ensure investors’ legitimate rights, the ministry said that bond issuers would have to work with
Healthy collapse
A fortnight ago, representatives of some foreign investment funds joined a meeting with the Ministry of Finance to present their concerns about the issue of corporate bonds. A representative recalls how he departed the meeting with an unnamable feeling, as if he had not attended the meeting, as if
Corporate bond issues grind to a halt
HCMC – Corporate bond issues have virtually ground to a halt, with a zero-issue streak stretching from October to November 4, the Vietnam Bond Market Association (VBMA) said, citing data from the Hanoi Stock Exchange and the State Securities Commission. Bonds offered to the public have plunged
Risks still abound
Corporate bond market risks are emerging as warned by authorities. Tan Hoang Minh Group and Van Thinh Phat Holdings Group Corporation are among the cases in point. Bond redemptions urged The price of shares of VKC Holdings Joint Stock Company (VKC), formerly known as Vinh Khanh Cable Plastic
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