REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS

Nearly 36% of bonds issued by real estate firms are approaching maturity and thus piling greater pressure on issuers at this critical juncture, the Ministry of Finance said on April 22.

The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.

Although a reduction in bond maturities is anticipated for 2024 compared to 2023, those sectors susceptible to payment difficulties such as real estate and renewable energy will have to cope with the heavy burden of bond redemption. Around VND35.8 trillion, representing nearly 36% of real estate bonds, are expected to encounter payment challenges.

By the end of 2023, the outstanding corporate bond debt of 432 issuers had amounted to VND1 quadrillion. The total value of bonds that will fall due this year is VND240 trillion, a decline from the VND261.6 trillion maturity volume in 2023.

Banks are perceived as low-risk borrowers due to stringent capital adequacy requirements mandated by regulators and close supervision by the State Bank of Vietnam, ensuring their financial stability. The majority of bondholders are institutional investors.

Vietnam’s real estate sector is a major borrower in the country’s bond market, representing a substantial 35% of all outstanding bonds. The sector carries a debt burden of VND351.4 trillion, divided between secured (VND285.2 trillion) and unsecured (VND66.2 trillion) bonds, with institutional investors holding the majority (58.6%) compared to individuals (41.4%).

Source: The Saigon Times

Related News

VIETNAM ECONOMY INVESTMENT

VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY

Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.

Feb 09, 2026

VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY OF 2026

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

Feb 09, 2026

MEMBER CORNER / PROMOTIONS

PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES

On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.

Feb 09, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH

International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.

Feb 09, 2026

PROPERTY / INDUSTRIAL ZONE

HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS

HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.

Feb 09, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY

Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.

Feb 09, 2026