Topic: debt

The VND270 trillion ($11.5 billion) in bonds approaching maturity combined with the impact of shrinking credit lines are creating a great deal of concern at banks. The State Bank of Vietnam has also said that bad real estate debts are showing signs of increasing rapidly, reaching more than VND36 trillion ($1.5 billion) as of June 30, up 5 per cent compared to the end of 2021.

According to KBSV, the value of corporate bonds from real estate companies maturing in 2022 is VND123.4 trillion ($5.28 billion), of which unlisted real estate enterprises account for 84.5 per cent and listed groups 15.5 per cent. KBSV believes the large-scale listed real estate group is fully capable of making payments when bonds mature.