Citing data from the Vietnam Bond Market Association, the Ministry of Construction said that the entire market currently has 455 bond codes (both corporate bonds and government bonds) listed as of September 15, with real estate enterprises accounting for 46% of the issuance value (nearly VND 57,000 billion).
Real estate corporate bonds still account for a large amount
The structure of investors buying corporate bonds is mainly domestic organizations (92%), individual investors account for a low proportion (5.18%).
The average trading volume in September reached VND 6,400 billion/session, up 10% compared to the previous month; the average for 9 months reached VND 5,800 billion/session, down 24.1% compared to the average in 2022.
Accumulated up to the date of information announcement on August 31, there were 17 public issuances worth nearly VND16,500 billion (accounting for 12.4% of the total issuance value) and 101 private issuances worth nearly VND116,000 billion (accounting for 87.6% of the total). Of which, the real estate group was nearly VND46,800 billion (accounting for 35.3%).
According to the Ministry of Construction, in order to continue developing the market in line with the development level of the economy and to approach international practices and standards, the Ministry of Finance has assigned the Securities Commission and related units to continue perfecting policy institutions in the coming time; organizing the market to operate stably, safely and smoothly.
At the same time, continue to strengthen supervision activities to rectify and strictly handle violations in bond issuance, investment and service provision activities, ensuring publicity and transparency for the market.
FDI capital in real estate increases
Citing data from the Ministry of Planning and Investment on FDI capital invested in the real estate sector, the Ministry of Construction said that as of the third quarter, newly registered capital, adjusted registered capital, and the value of capital contributions and share purchases by foreign investors reached more than 20.2 billion USD, an increase of 7.7% over the same period last year.
FDI capital in real estate increased, showing that foreign investment expectations in Vietnam's real estate are still high.
Foreign investors invested in 18 out of 21 sectors of the national economy . Of which, the real estate business ranked second with a total investment capital of nearly 1.94 billion USD, accounting for more than 9.6% of the total registered investment capital, equal to 55% compared to the same period last year.
According to the Ministry of Construction, international organizations continue to have quite positive assessments of Vietnam's economic growth prospects. Some organizations assess that Vietnam's short-term FDI and trade prospects will recover well.
The Asian Development Bank (ADB) forecasts that Vietnam's economy will recover quickly in the coming time, reaching 5.8% in 2023; global FDI capital flows are leaving China and Vietnam has the opportunity to increase its position in the global supply chain; credit and liquidity risks of Vietnam's real estate market have passed their peak...
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