Ahead of the peak period for corporate bond maturities in August 2025, the real estate market is showing signs of recovery, helping strengthen companies’ debt repayment capacity. First-half business results improved, while a low-interest-rate environment and ample liquidity create favorable conditions for smoother debt restructuring. Business performance recovers but remains uneven Q2 2025 financial reports from real estate firms listed on HOSE and HNX reveal a positive recovery trend. The sector’s post-tax profit rose 57% quarter-on-quarter and 59% year-on-year, signaling a clear improvement after a prolonged downturn. However, the recovery remains uneven across segments and companies. In residential real estate, profit growth surged 89% from the previous quarter and 73% year-on-year. This sharp rise was largely driven by a few major players like Vinhomes and Novaland, limiting representativeness for the entire sector. Still, the number of firms reporting positive profits increased significantly from the same period last year, showing a broader recovery, though growth rates vary. Data from the Ministry of Construction shows transactions in the commercial housing market are improving. In Q2 2025, 20,552 apartments were sold, up from 17,793 units in the previous quarter. In the first half of the year, transactions totaled 38,345 units—significantly higher than 25,611 […]
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