There have been several defaults on corporate bonds in Vietnam
According to the Asian Development Bank (ADB), several corporate bond defaults in Vietnam have occurred.
Vietnam Corporate bonds "break the ice": Real estate group accounted for more than 98%
Corporate bonds issued by the real estate sector accounted for 98.2% of the total volume of the first quarter of 2023.
PM says Govt will not bail out real estate sector
HCMC – Prime Minister Pham Minh Chinh has said the Government will not bail out the struggling real estate sector. Speaking a hybrid conference on policies and solutions for the frozen real estate sector yesterday, February 17, Chinh said there would be no bailout but government agencies, local
Novaland suggests debt extension for property firms
HCMC – Major property developer Novaland has asked the central bank to enable debt restructuring and extension from 24 to 36 months for property firms. The proposal was made by Do Thi Phuong Nam, director for corporate restructuring at Novaland, during a meeting between the State Bank, lender
SBV says it does not restrict real estate loans
HCMC – Vietnam’s central bank has said it has no policy to restrict commercial banks from lending to the real estate sector. Deputy Governor of the State Bank of Vietnam Dao Minh Tu said at a meeting yesterday between the SBV and real estate firms that just some segments of the housing market had
Real estate sector’s debt hits VND1,200 trillion
HCMC – Outstanding loans in the real estate sector have topped VND1,200 trillion, according to the Ministry of Construction. As of December 31, 2022, the sector had owed nearly VND800 trillion to banks, while real estate bonds amounted to VND419 trillion. In 2022 alone, property firms took out