The Hà Nội Stock Exchange successfully organised 17 Government bond auctions in November, raising VNĐ20.76 trillion (US$817.6 million) for the State Treasury.
The National Assembly on Tuesday morning heard the Government report on a draft law amending several points of seven laws, including the Law on Securities, on Accounting, on Independent Audit, on the State Budget, on Management and Use of Public...
For the remainder of 2024, nearly VNĐ78.9 trillion worth of bonds is set to mature, with approximately 43.5 per cent of them from the real estate sector.
Many banks have issued large amounts of bonds to raise thousands of billions of Vietnamese đồng, pushing interest rates to around 8 per cent per year, much higher than that of normal savings.
While real estate bond issuance value has recovered year-on-year, its proportion of total issuances has ped sharply - from nearly 55 per cent in the first half of 2023 to just 25 per cent in the first half of 2023.