Real estate firms strongly issue corporate bonds

Real estate firms strongly issue corporate bonds

Real estate firms issued corporate bonds heavily  in the first half of this year, accounting for 27 percent of total number of issued corporate bonds amid the scheme to limit credit into real estate sector of the Government and the State Bank of Vietnam.
An incomplete real estate project in Nha Be District. (Photo: SGGP)

Real estate firms head over heels in debt

This year is expected to be an extremely difficult year for real estate sector in Ho Chi Minh City as there are a few projects approved; credit pumping into real estate is tightened; projects originated from public land are halted or their legal procedures are rechecked. As a result, debts of real estate firms have become greater with a large amount of inventories.
Apartment blocks in HCMC (Photo: SGGP)

Nearly 11,000 real estate firms established in eight months

The HCMC Department of Planning and Investment reported that 26,614 businesses were established during the first eight months this year with the total registered capital of VND148,396 billion (US$6.53 billion).