About VND 258.2 trillion or US$10.46 billion worth of corporate bonds in Vietnam are set to mature before the end of this year, The Saigon Times is reporting. The real estate industry will account for about US$4 billion or 38 percent with the banking sector a distant second account for US$2.21 billion or 21 percent.
Why it matters: The real estate industry took a nose dive in 2022 and still has yet to recover. The repayment of real estate backed bonds have been delayed repeatedly to the chagrin of its international investors. One of Vietnam’s biggest real estate firms, Novaland, for example, as recently as January, was still working on clearing US$300 million of outstanding international bond repayments. It’s not alone either and with this in mind this US$10.46 billion could be a ticking time-bomb for the industry.