Who are the 10 'big guys' leading the Vietnamese real estate industry today?

On April 7, Vietnam Report Joint Stock Company announced the Top 10 real estate companies in 2023. This is the result of an independent research by Vietnam Report based on financial data updated to December 31, 2022 and many other analytical methods.

Accordingly, the top 10 real estate enterprises include: Vinhomes Joint Stock Company, Nam Long Investment Joint Stock Company, Ecopark Group Joint Stock Company, Khang Dien Housing Investment and Trading Joint Stock Company, Phat Dat Real Estate Development Joint Stock Company, Ha Do Group Joint Stock Company, Phu My Hung Development Company Limited, Construction Development Investment Joint Stock Corporation (DIC), Van Phu - Invest Investment Joint Stock Company and An Gia Real Estate Investment and Development Joint Stock Company.

The 10 units selected by Vietnam Report are all businesses with stable financial capacity. (Illustration photo)

Vietnam Report said that this research result is based on scientific and objective principles of the mainstay enterprises in the real estate industry. These are enterprises with strong character, stable financial capacity, and good resilience to the difficulties of the past time.

The research of the above unit also shows that 55.2% of real estate enterprises choose bank loans when they are short of cash flow; 41.4% of enterprises are "tightening their belts" and reducing operating costs. The rate of enterprises mobilizing capital from the bond channel is only 1.1%, down more than 22 times compared to before.

2023 will be the year when real estate bonds mature, with the number of bonds maturing reaching about VND 119,000 billion. In January 2023, there was nearly VND 17,500 billion in total value of bonds maturing, of which 60% was concentrated in the real estate group with VND 10,500 billion and 34% in the construction group with VND 5,900 billion.

According to Vietnam Report, the Government has taken measures to remove difficulties for businesses that do not have money to repay bonds on time by issuing Decree 08/2023/ND-CP amending, supplementing and suspending the implementation of a number of articles in the decrees regulating the offering and trading of individual corporate bonds in the domestic market and the offering of corporate bonds to the international market.

Decree 08/2023, together with Decree 153/2020 and Decree 65/2022, are considered the Government's efforts to unblock bond capital flows for the real estate market throughout the recent period.

Vietnam Report assessed that in 2023, with the remaining difficulties from the previous period such as: capital congestion, supply-demand imbalance, overlapping legal issues and the impact of economic recession, the development prospects of the real estate industry in the coming time are not optimistic.

The latest report from the General Statistics Office shows that in the first quarter of 2023, in the real estate business sector, 940 new enterprises were established, 1,816 enterprises temporarily ceased operations, and 341 enterprises were dissolved.

Thus, the number of newly established enterprises decreased by 63.2%, the number of enterprises temporarily ceasing operations increased by nearly 61% and the number of dissolved enterprises increased by more than 30% compared to the same period last year. This situation is mainly due to the difficulty that enterprises have in accessing capital sources.

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Source: https://vtc.vn/10-ong-lon-dan-dau-nganh-bat-dong-san-viet-nam-hien-nay-la-ai-ar763940.html