A total of 117 trillion VND (5.03 billion USD) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.
More positive signs would appear in Ho Chi Minh City’s property market in the year-end months despite difficulties in the first half of the year, said Chairman of the HCM City Real Estate Association Le Hoang Chau.
Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has officially completed a plan to reduce its holding ratio at other credit institutions to below 5% as required by the central bank.
Overseas Vietnamese sent home US$3.8 billion through Ho Chi Minh City-based financial institutions during January-October.
Authorities should closely monitor the import and export of goods, including goods origin, to prevent customs declaration fraud, a seminar heard in HCM City recently.
The State Bank of Vietnam has tightened regulations on corporate bond purchase by credit institutions and foreign banks’ branches.
Although Vietnam’s economy maintained an uptrend in the first five months of 2018, growth rates in some industries have slowed down, making it difficult for the country to achieve this year’s targets.
Experts have urged simplifying the procedures to receive refunds on value-added tax (VAT) for foreign tourists.
Many commercial banks have asked the State Bank of Vietnam (SBV) to expand the credit growth limit as they have almost used up the assigned quota for the whole year.
Though the ASEAN jewelry market is large, Vietnamese companies are struggling to enter the market worth billions of dollars.