That was announced by Mr. Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association at a seminar held by Bizlive Investment Forum on July 30. According to Mr. Chau, total issued corporate bonds were worth VND67 trillion in the first six months of this year. Noticeably, the number of individual investors participating in the real estate corporate bond market accounted for 7 percent while this market was merely for financial institutions and big investors. PhD Bui Quang Tin, a financial expert, said that the financial market has never had an opportunity to create as many capital attraction channels for the economy as it does now, especially amid the context that it is increasingly difficult for firms to access bank loans. At the present, up to 70-80 percent of bank loans are short-term loans. Therefore, mobilizing capital via issuance of bonds and shares is considered as a ‘new haven’ for real estate firms to seek for middle and long term loans without merely relying on short-term loans from banks. PhD Dinh The Hien, economic expert, also said that corporate bond is a tool for large-scale firms, in which, mobilizing long-term loans via bond channel is the channel… Read full this story
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