Credit quality of real estate sector continues to be controlled

Credit quality of real estate sector continues to be controlled

Mr. Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam – Ho Chi Minh City Branch (SBV-HCMC Branch), reported to the State Bank of Vietnam (SBV) at a meeting on January 10 that the city’s banking industry’s capital mobilization nearly reached VND2.5 quadrillion last year, an increase of 13.5 percent compared to that in 2018, lower than the country’s total capital mobilization of 14.3 percent.
Tan Nhut commune Residential area and Mall. (Photo: SGGP)

Hoax projects strike residents in Southern areas

The multiple delayed or “hoax” construction projects in Southern areas are leaving residents desperate, especially ones without proper awareness on real estate and related legal matters.
Real estate companies issue bonds to mobilize capital. (Photo: SGGP)

Real estate companies issue bonds massively

Reports by securities companies showed that more than VND60 trillion worth of corporate bonds has been issued since the beginning of this year, of which, real estate and construction field was the runner-up in the amount of issued corporate bonds with VND16.23 trillion, accounting for 27 percent.
An apartment building in Mai Chi Tho Street in Ho Chi Minh City. (Photo: SGGP)

Real estate still attracts most FDI capital

By the end of May this year, Ho Chi Minh City has attracted US$2.77 billion of foreign direct investment (FDI) capital,  an increase of 49 percent in comparison with the same period last year.
Chairman of HCMC People’s Committee Nguyen Thanh Phong (R) and his deputy Tran Vinh Tuyen at the meeting (Photo: SGGP)

HCMC sees no new production project, capital flow into real estate

Chairman of HCMC People’s Committee Nguyen Thanh Phong on Friday expressed concern about industrial production slowdown in the first four months of 2019 when there was no new production and processing project being established and capital was poured into real estate.