92 real estate 'giants' will have to pay 100,000 billion VND in bonds by 2024

According to the Ministry of Finance, as of December 31, 2023, there are about 92 real estate enterprises with corporate bonds maturing this year with a total value of VND99,558 billion.

The list of enterprises with outstanding bonds maturing this year amounting to thousands of billions of VND includes Hung Yen Urban Development and Investment Company Limited with 7,200 billion VND; Golden Hill Investment JSC with more than 5,760 billion VND; Nam An Investment and Trading JSC with 4,700 billion VND;...

92 real estate "giants" will have to pay off 100,000 billion VND in bonds by 2024. (Photo: ST)

Some other notable names include: Danh Viet Trading and Service Joint Stock Company 3,044 billion; Nhat Quang Real Estate Development Joint Stock Company 2,150 billion; Phu Tho Land Joint Stock Company 1,900 billion; Ngoi Sao Phuong Nam Urban Development and Business Investment Joint Stock Company 4,695 billion VND; Lan Viet Real Estate Company Limited 4,100 billion VND...

In addition, the Ministry of Finance also released a list of 182 real estate enterprises with outstanding bonds as of the end of 2023 with a total balance of VND 351,390 billion.

To reduce the pressure on corporate bond maturity this year and the following years, the Ministry of Finance requested the Ministry of Construction to continue implementing solutions to remove difficulties and obstacles for the real estate market according to Resolution 33/2023 of the Government.

In particular, there are timely solutions to review, urge, and guide the removal of difficulties and legal problems in the implementation of real estate projects for localities and enterprises, especially enterprises with bonds maturing in 2024, so that enterprises can complete projects, bring products to market, and restore cash flow for enterprises.

The Ministry of Finance emphasized: This action contributes to stabilizing the corporate bond market as well as bank credit.

Source: https://www.congluan.vn/92-ong-lon-bat-dong-san-se-phai-tra-no-100000-ty-dong-trai-phieu-vao-nam-2024-post292655.html