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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Saturday, January 11, 2025

Outstanding real estate loans surge

The Saigon Times

Must read

HCMC – Outstanding loans owed by real estate businesses had reached VND986.5 trillion as of August 31, up 27% against the same period last year.

A recent report from the Ministry of Construction, which used data from the State Bank of Vietnam (SBV), said that different segments of the real estate sector saw their outstanding loans soaring in August. These segments include housing development, office space, industrial park, restaurant and hotel, and home repair.

Housing development projects saw the most significant increase in outstanding loans in August. Their outstanding loans in August were nearly VND12,000 billion higher than in July.

But outstanding loans in certain projects related to resorts and ecotourism sites, and land acquisition fell by VND1,600 billion and VND500 billion, respectively.

Regarding corporate bonds issued by real estate firms, the Ministry of Finance reported that as of September 15, sales of real estate corporate bonds amounted to VND56,900 billion, or 46% of the total bonds issued.

In the year to August 31, 17 lots of bonds worth nearly VND16,500 billion had been issued to the public.

VND115,882 billion worth of bonds had been issued via 101 private placements, accounting for 87.6% of the total. Institutional investors bought 92% of the total bonds, while individual investors made up a mere 5.18%.

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