Business

Real estate businesses return to bond channel

Many real estate businesses have returned to the bond channel to raise capital after an absence in April, mobilising thousands of billions of Vietnamese dong.
Real estate businesses return to bond channel ảnh 1Illustrative image (Source: VNA)
Hanoi (VNS/VNA) - Many real estate businesses havereturned to the bond channel to raise capital after an absence in April,mobilising thousands of billions of Vietnamese dong.

Dataof the Vietnam Bond Market Association (VBMA) shows that in May, real estatebusinesses began to return to find capital on the bond channel and acceleratebond issuance in June. In May, realty businesses issued a total of nearly 6.9trillion VND (294.6 million USD) of bonds, then in June, the figure was morethan 7.5 trillion VND.

Itis estimated that from the beginning of this year to the end of June, realestate businesses issued a total of 152.4 trillion VND of bonds, of which morethan 94% were issued privately. Also during this period, VBMA said real estatewas the group of enterprises with the second highest bond issuance volume,after commercial banks.

Accordingto experts, bonds still account for a large proportion of the capital used forprojects of real estate enterprises, especially in the context that bank creditis under tight control.

Accordingto Nguyen Quang Thuan, Chairman and General Director of FiinGroup Joint StockCompany, the State Bank has recently moved to tighten real estate credit tolimit speculative activities and help the market become more transparent. Thepolicy of tightening credit makes it difficult for people and investors,especially real estate businesses, to access loans from banks.

Inthis context, realty businesses try to diversify and perfect the channels tomobilise capital for investment.

Thuansaid the bond channel was a good source of capital supporting businesses whenbank credit is not enough, adding that bond offering in private placementrequires a credit rating, which is an independent third-party assessment of thelevel of risk.

KBSecurities Vietnam Joint Stock Company (KBSV) said in the context of strictcontrol of credit in the real estate sector and strict supervision of corporatebond issuance, real estate businesses will find it more difficult to raisecapital in the next few quarters.

Inaddition to the two traditional capital mobilisation channels, which are creditand domestic bonds, listed real estate enterprises have also diversified theirsources of capital, accessing new channels such as investment funds, mergersand acquisitions (M&A) and international joint ventures.

Forexample, Novaland Group recently completed the sale of 250 million USD ofconvertible bonds and bonds with warrants to foreign partners. Dat Xanh Groupis expected to complete the issuance of 300 million USD of internationalconvertible bonds in the third quarter of 2022./.

VNA
#Vietnam Bond Market Association #real estate businesses #bond channel #commercial banks #Vietnam #VietnamPlus #Vietnam news
Follow VietnamPlus

Related News

Real estate firms advised to catch up with green growth trend

Real estate firms advised to catch up with green growth trend

Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts.

See more

Pham Van Cong, Chairman of the Vietnam Cashew Association, speaks in a conference reviewing the industry’s 2025 performance and deploying procurement plans for 2026 in HCM City on March 13. (Photo: VNA)

Cashew sector braces for challenges in 2026 amid global uncertainties

Vietnam’s cashew industry recorded export turnover of about 5.5 billion USD in 2025, the highest level ever. He noted that the result reflects the industry’s remarkable development, dynamism and timely adaptation to complex and unpredictable challenges both domestically and globally.

An Phát Complex Industrial Park in Hai Phong City is one of the eco-friendly industrial parks. (Photo: VNA)

Green industrial parks become new magnet for FDI

Statistics show that about 80% of FDI enterprises prioritise investing in industrial parks with green energy infrastructure, reflecting a growing shift in investment preferences amid tightening global environmental standards.

Wood panel production at the Thuan An Wood JSC in Ho Chi Minh City (Photo: VNA)

Vietnamese businesses ride wave of investment in green manufacturing

Recent developments in private investment show that as confidence in the private sector has grown and is a key driver of economic development, investors are strengthening support for enterprises not only through capital but also management expertise and market connectivity.

Officers and soldiers of Son Tra Border Guard Station, Da Nang City Border Guard Command tell local fishermen about IUU fishing. (Photo: VNA)

Fishing solidarity groups help Vietnam with IUU “yellow card” warning removal

Over the years, coastal authorities in Da Nang have intensified efforts to educate fishermen about regulations, particularly the need to avoid illegal fishing in foreign waters. Local administrations and competent forces have also strengthened vessel registration and inspection procedures, installed vessel monitoring systems and ensured transparent declarations of catches at ports.

Representatives of Central Retail Vietnam and Lotte Plaza Market sign a distribution cooperation agreement at the networking event in Ho Chi Minh City on March 13. (Photo: VNA)

Vietnamese firms step up cooperation with international distribution chains

Connecting Vietnamese businesses with international distribution networks has been a key component of government-led trade promotion programmes for many years, which are designed to help domestic companies place goods directly into global retail systems rather than exporting solely through intermediaries.

Direct Hanoi–Amsterdam flights by Vietnam Airlines to begin on June 16. (Photo: Vietnam Airlines)

Vietnam Airlines to launch direct Hanoi–Amsterdam service on June 16

Under the plan, the Hanoi–Amsterdam route will commence operations on June 16, 2026, with an expected frequency of three return flights per week using modern wide-body Airbus A350 aircraft. This will be the first direct air link between Vietnam and the Netherlands, helping to shorten travel time and enhance connectivity between Vietnam and one of Europe’s key economic, logistics and aviation transit hubs.

Farmers harvest the 2025 Winter–Spring rice crop in An Giang province. (Photo: VNA)

An Giang accelerates export shift to meet green consumption trends

To enhance competitiveness, authorities are assisting businesses in obtaining globally recognised certifications such as GlobalG.A.P., Organic and HACCP, enabling key exports including rice, seafood and clean agricultural products to strengthen their position in global markets, according to Quang Xuan Lua, Director of the An Giang Centre for Trade and Investment Promotion.

Motorcycle riders refill their vehicles at a petrol station in Hanoi (Photo: VNA)

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

A French customer is tasting Vietnamese lychee. (Photo: VNA)

Vietnamese agricultural products boost global brand recognition

Vietnam aims to achieve about 74 billion USD in agro-forestry-fishery export turnover this year. Expanding value-added products, improving quality standards and strengthening brand building, especially through international supermarket systems, will be key to enhancing the competitiveness and global recognition of Vietnamese agricultural products.