assessing the switch in bond issuances

Assessing the switch in bond issuances

The Vietnamese government earlier this month officially promulgated Decree No.08/2023/ND-CP dated March 5 on amending, supplementing, and suspending articles of Decree No.65/2022/ND-CP from last September on offering and transacting corporate bonds in the domestic market and offering corporate bonds to international markets.
bond repurchases to help prop up cash flow situation

Bond repurchases to help prop up cash flow situation

It is anticipated that financial institutions will be entering the market to purchase corporate bonds in the near future, according to a draft amendment currently under consultation.
hdbank continues solid growth

HDBank continues solid growth

HDBank will continue its growth trajectory as its outstanding loans of real estate and corporate bond holdings are among the lowest in the banking industry in 2022.
horea proposes extension of repayment schedules for businesses

HoREA proposes extension of repayment schedules for businesses

The Ho Chi Minh City Real Estate Association (HoREA) suggests permitting enterprises with secured assets to receive loans from banks to repay bondholders.
500 bond codes issued by tcbs have been paid in full and on time

500 bond codes issued by TCBS have been paid in full and on time

From the beginning of last year to March 2023, about VND113 trillion ($4.79 billion) of bonds and principal due, corresponding to nearly 500 bond codes issued by TCBS, have been paid in full and on time.
clearing up the liquidity issue through amendments

Clearing up the liquidity issue through amendments

According to the Vietnam Bond Market Association, VND309 trillion ($13 billion) worth of bonds will mature in 2023, including VND119 trillion ($5 billion) issued by real estate enterprises. Most bond issuers, especially those operating in the real estate sector, will likely default on their obligations as they suffer from the poor liquidity in the real estate market and the loss of investor confidence.
vietnam uk trade bond underway

Vietnam-UK trade bond underway

After nearly two years of entry into force, the UK-Vietnam Free Trade Agreement, in addition to Vietnam’s improved investment and business climate, have facilitated both nations to increase trade and investment.
bond rule tweaks loosen constraints

Bond rule tweaks loosen constraints

To address issues of transparency and investor protection, the government has issued a new decree that introduces several key changes to the regulatory framework for corporate bonds in Vietnam.
clear bond regulations can be stepping stone for industry

Clear bond regulations can be stepping stone for industry

The new Decree No.08/2023/ND-CP will lay a concrete foundation in Vietnam for the legal corridor to put constraints on the corporate bond market. To start with, it establishes a legal framework for issuers to consent to the modification of certain provisions of the bond, particularly maturity date extensions.
government throws life jacket to bond issuers with legislation improvements

Government throws life jacket to bond issuers with legislation improvements

In the midst of stagnation in the bond market, the government’s issuance of a decree that adjusts and suspends implementation of some articles of two previous pieces of legislation on corporate bonds prioritises the restructuring of markets to ensure the lawful rights of investors.
real estate market wont recover until late 2024 experts

Real estate market won’t recover until late 2024: Experts

Despite the Government’s efforts to remove challenges facing the real estate market, it won’t prosper until the end of next year, experts have warned.
bond pressure retained in real estate

Bond pressure retained in real estate

If a draft decree amendment on bonds is soon passed, real estate businesses will likely be given a helping hand in the form of time to restructure their cash flows.
just the beginning for real estate sector restructuring

Just the beginning for real estate sector restructuring

More than $52 billion is due to banks and bondholders from real estate groups in the Vietnamese market. VIR’s Bich Ngoc spoke with Xavier Jean, senior director of Corporate Ratings at S&P Global Ratings, on the possible path the government and enterprises can take.
ma activity likely ahead within real estate sector

M&A activity likely ahead within real estate sector

With lower cash flow, bonds tightened, and interest rates hiked, mergers and acquisitions are being considered an effective solution to help real estate businesses in difficulty.
over 809 million usd worth of bonds expires in march

Over 809 million USD worth of bonds expires in March

Nearly 227.6 trillion VND (9.6 billion USD) worth of corporate bonds is going to expire this year, of which about 19 trillion VND matured or was repurchased before maturity in the first two months of the year, according to data compiled by the Hanoi Stock Exchange (HNX).