Từ khóa: #real estate enterprises

According to some experts, commercial banks are holding 71 percent of corporate bonds issued by real estate companies.

Many real estate enterprises said that they were striving to find solutions to solve difficulties.

The real estate market had to face many difficulties in 2022 and still faces many challenges in the coming year. The Government and ministries have taken a firm decision to support all real estate enterprises in 2023.

Over the last twenty-odd years, several real estate brands in Vietnam have lost their high credibility due to various unpredictable circumstances that have affected their reputation. Currently, too, many big brands are doing everything possible to fight the factors affecting their businesses and save and protect their brands in the current crisis situation.

The Ho Chi Minh City Tax Department has just announced the list of enterprises with tax debts in the 3^rd phase of 2022.

Departments and agencies are assigned the task of promptly exchanging, working, and guiding project investors to comply with the law. In case there are difficulties or problems beyond their competence, they should promptly report them to the People's Committee of Ho Chi Minh City for consideration and decision.

Recently, the conditions for corporate bond issuance to the public have been tightened by the State. This is a move to reduce risks for investors, especially for individual investors, so the number of issued corporate bonds has also fallen sharply. However, in the context that deposit interest rates remain at a low level, many enterprises have issued corporate bonds with high-interest rates to attract capital.

The People's Committee of Ho Chi Minh City, on February 27, held a meeting between the leaders of the city and real estate enterprises in 2021.

Although Vietnam's corporate bond market is the smallest among the six corporate bond markets in the ASEAN, it has recently developed extremely rapidly.

While many large enterprises with a capital of trillions of Vietnamese dong showed poor performance, there were small enterprises with high-interest rates and high-profit sharing, especially the food industry saw huge profits amid the Covid-19 pandemic.

Amid the context that banks limit medium and long-term loans, many enterprises have shifted to a new capital mobilization channel – corporate bond issuance. Statistics by the Ministry of Finance showed that in the first four months of this year, the corporate bond market developed rapidly, exceeding VND58 trillion.

In January alone, the total corporate bond issuance exceeded VND13.37 trillion, of which real estate enterprises issued more than VND7.36 trillion, accounting for 55 percent of the total issuance in the market.

The State Bank of Vietnam (SBV) continues to stick with the plan of reducing the proportion of short-term capital used for medium and long-term loans this year, which is considered to be a barrier to the credit of real estate. However, according to the leader of the central bank, this does not mean that it will close the doors and not give loans to this sector but it will only provide capital for effective real estate projects.

The Ho Chi Minh City Department of Taxation has just publicized more than 1,500 enterprises owning tax with total tax arrears, fines and late payment of more than VND3.3 trillion.