return icon

VN firms issue total US$7.7 billion worth of bonds in 10 months

Commercial banks remained the biggest bond issuers with VND79.4 trillion worth of bond issuance, accounting for 44.4 per cent of the total figure.

The total value of corporate bonds was VND178.7 trillion (US$7.7 billion) in January-October this year, according to SSI Retail Research.

Commercial banks remained the biggest bond issuers with VND79.4 trillion worth of bond issuance, accounting for 44.4 per cent of the total figure.

Real estate companies issued VND61.27 trillion worth of corporate bonds, accounting for 34.3 per cent of the total.

The remainders were infrastructure developers, securities firms and other types of business.

In 2010, more than VND17 trillion worth of corporate bond notes was issued with about 55 per cent of the total belonging to real estate firms.

The biggest issuers included Vinametric Co Ltd, the owner of Saigon Prince Hotel in HCM City.

The company issued VND3.7 trillion worth of two-year bonds with yield rate set at 10.5 per cent per annum for the first year.

In the second year, the yield rate would be the central bank’s reference rate plus 3.65 per cent per year. Interest is paid every six months.

Following the hotel operator was Sai Gon Vina Real Estate JSC (Land Saigon) that issued VND1.85 trillion worth of three-year bonds with a fixed yield rate of 11 per cent per annum.

Average bond yield rate in October was 10.5 per cent per annum, which was up 2.7 per cent from September.

Banks had the lowest bond yield rates and also lowered their issuance last month. Meanwhile, data showed property firms’ average bond yield rate rose from 9.6 per cent in September to 10.5 per cent in October.

Foreign investors purchased 7.6 per cent of the total bond issuance and the rest was sold to domestic investors.

A large number of bond issuance was confidential. For public deals, securities firms were the biggest buyers as they bought VND31.4 trillion worth of bonds in 10 months, accounting for 18 per cent of the total.

Brokerage firms targeted bank bonds as 80 per cent of their purchases were issued by local banks. Meanwhile, commercial banks invested VND12 trillion into bonds of property and infrastructure developers.

Techcombank Securities Co (TCBS), VNDirect Securities Corp (VNDS) and MB Securities Co (MBS) were the top three underwriters in the 10-month period, focusing on real estate and bank bonds. — VNS

Vietnamese banks issue more international bonds this year

Vietnamese banks issue more international bonds this year

Commercial banks are issuing international bonds because they need foreign currencies to satisfy dollar capital demand.

Vietnamese government bonds attract foreign investors

Vietnamese government bonds attract foreign investors

Foreign investors have made a net purchase of VND15.2 trillion worth of government bonds so far this year, according to SSI Retail Research.


Downpours cause human, property losses in northern Vietnam

Hanoi and other northern provinces were inundated following heavy rains on May 23 and 24 that have caused human and property losses.

Vietnam puts forward numerous important proposals at WEF Davos 2022

Deputy Prime Minister Le Minh Khai has shared the nation’s plans to build a low-carbon, green-ecological-sustainable agriculture system with three pillars; ecological agriculture, modern countryside, and smart farmers.

Various Party members in HCM City disciplined

The Ho Chi Minh City Party Committee’s Inspection Board has disciplined seven Party members for their involvement in four cases monitored by the Central Steering Committee for Corruption and Negative Phenomena Prevention and Control.

Government proposes delay to submission of draft amended Land Law to NA

The Government has proposed a delay to a submission of the draft Law on Land (amended) to the National Assembly (NA) until the Party Central Committee issues directions on reforms of land-related policies and laws.

New records, outstanding athletes of SEA Games 31

A total of 22 new records were set at the 31st Southeast Asian Games (SEA Games 31) which concluded with a colourful ceremony in Hanoi on May 23 night.


Traffic accidents claim over 2,760 lives in five months

Obstacles yet to clear to pave way for robust industrial property development

Vietnam has not yet reached its full potential in industrial property development, due to inadequate regulations and a lack of social infrastructure.

Teen suicide: 'red warnings' ignored

According to statistics, about 2% of children suffer from depression. The rate is from 5% to 8% for adolescents. The rate is higher among children after puberty.

Prime Minister to host dialogue with farmers on May 29

Prime Minister Pham Minh Chinh will host a dialogue in Son La on May 29 with a participation of 500 delegates, including 300 typical farmers, cooperatives and enterprises in the agricultural field along with experts and scientists across the country.

Will housing prices cool down in late 2022?

The boost in sales and the slowdown of the land bank expansion are expected to help  land and house prices decrease in the remaining quarters of 2022, according to VNDirect Research.

Just 15 percent of urban wastewater treated

According to the Government's report, the total amount of wastewater collected and treated in urban areas is very low, only about 15 percent whereas wastewater in most rural residential areas is not treated.


Tight material supply impedes textile exports

Stock, real estate markets too hot, need close supervision

The Government has submitted to the National Assembly a report about the implementation of the 2021 socio-economic development plan and the deployment of the 2022 plan.

Hoi An sampan riders: the hardships and the smiles

Entering a new normal phase after more than two years of being hit hard by the COVID-19 pandemic, sampan riders in Hoi An City are eager to get back to work, expecting prosperous, stable tourism development for the town.

HCM City to host Smart City Asia 2022

A Smart City Expo & Forum in Asia (Smart City Asia 2022) will be held at the Saigon Exhibition and Convention Centre in Ho Chi Minh City from May 26 to May 28.