bet88Vietnam’s bond market under discussion

bet88 size of bet88 corporate bond market will exceed bet88 capitalization of bet88 stock market in bet88 future, but participants need to harmonize bet88 interests of parties for bet88 market to develop sustainably, Mr. Nguyen Quang Thuan, CEO of FiinRatings and FiinGroup, told its “Corporate bonds: Balancing return and risk” conference on November 18.

According to a report from FiinRatings, credit for corporate bonds accounts for about 12 per cent of outstanding loans and about 15 per cent of Vietnam’s GDP. In bet88 first nine months of this year, bet88 bond market’s total issuance value rose 29 per cent year-on-year to VND431 trillion (.05 billion).

bet88 real estate industry holds bet88 largest proportion of issuance value, accounting for 40 per cent and reaching VND172 trillion (.6 billion). Interest rates on real estate bonds were up to 10.4 per cent per annum in bet88 first nine months; higher than rates on banks deposits, which are only 6-7 per cent.

However, Mr. Thuan noted that there are some shortcomings in bet88 real estate market, making State managers, including bet88 Ministry of Finance, bet88 State Securities Commission of Vietnam, and bet88 Ministry of Construction, issue warnings, and investors cannot help but be concerned.
bet88 financial health of bet88 24 real estate issuers is quite divergent. Though their debt repayment capacity and risk level differ, they share bet88 same interest rate. Investors may face certain hidden risks from issuers with poor financial capacity.

“Though financial health is not a concern, there is a huge gap between bet88 issuers of real estate bonds in Vietnam, especially unlisted companies,” according to FiinRatings.