A series of real estate "giants" mature trillion-dollar bonds this year

Among them, many real estate 'giants' have maturing bond debt of up to trillions.

Outstanding real estate bonds are over 351,000 billion VND

The Ministry of Finance has just sent a report to the Ministry of Construction on the management and supervision of bond issuance by real estate enterprises.

Citing data on the situation of outstanding bonds as of December 31, 2023 according to the Hanoi Stock Exchange, the Ministry of Finance said that the total outstanding debt of bonds issued by real estate enterprises is VND 351,390 billion.

In the list of real estate enterprises with bonds in the thousands of billions, there are notable names such as: Capitaland Tower Company Limited with more than 12,200 billion VND, Van Truong Phat Investment and Construction Joint Stock Company with 10,000 billion VND, Viet Han Real Estate - Construction - Advertising - Trading Joint Stock Company (Viet Han Real Estate) with about 9,700 billion VND;

TNR Holdings Vietnam Real Estate Investment and Development JSC about 9,300 billion VND, Hano-vid Real Estate JSC about 9,500 billion VND, Hung Yen Urban Investment and Development LLC 7,200 billion VND, Thai Son Long An JSC 8,700 billion VND; Nova Real Estate Investment Group JSC about 6,500 billion VND; Nova Thao Dien LLC 2,300 billion VND.

The list of real estate "giants" holding bond debt of thousands of billions of VND according to the report of the Ministry of Finance also includes Van Phu - Invest Investment Joint Stock Company with 1,300 billion VND, Sunshine Group about 1,300 billion VND, Sunshine AM Joint Stock Company about 4,400 billion VND, Sunshine House Trading Joint Stock Company 3,500 billion VND, Nam Long Investment Joint Stock Company about 3,100 billion VND, Hai Phat Investment Joint Stock Company over 1,840 billion VND, KN Cam Ranh Company Limited over 1,600 billion VND, Aqua City Company Limited 2,400 billion VND;

Golden Hill Investment JSC 5,760 billion VND, Hung Thinh Land JSC 5,100 billion VND, Hung Thinh Investment JSC more than 2,900 billion VND...

A series of businesses have bonds maturing worth trillions

In addition, the Ministry of Finance also said that in 2024, there will be 92 real estate enterprises with corporate bonds maturing, with total maturing debt of about VND 99,500 billion.

Enterprises with bonds maturing in the trillions this year include: Golden Hill Investment JSC with over VND5,760 billion, Southern Star Urban Development and Investment JSC with VND4,695 billion, Lan Viet Real Estate LLC with VND4,100 billion, Nam An Investment and Trading JSC with VND4,700 billion, Nhat Quang Real Estate Development JSC with VND2,150 billion, Hung Thinh Land JSC with VND1,100 billion, Hung Yen Urban Development and Investment LLC with VND7,200 billion, Hai Phat Investment JSC with over VND1,340 billion, Nova Real Estate Investment Group JSC with VND2,000 billion;

There are also Aqua City LLC with 1,100 billion VND, Van Phu - Invest Investment Joint Stock Company with more than 1,000 billion VND, Sunshine House Trading Joint Stock Company with 1,000 billion VND, Geleximco Group - Joint Stock Company with 980 billion VND...

Based on the above reality, the Ministry of Finance proposed that the Ministry of Construction continue to implement solutions to remove difficulties and obstacles for the real estate market according to Resolution 33 of 2023 of the Government.

In particular, promptly review, urge, and guide the removal of difficulties and obstacles in legal matters and in project implementation, especially for enterprises with bonds maturing in 2024, so that enterprises can complete projects, bring products to market, restore cash flow for enterprises, thereby contributing to stabilizing the corporate bond market.