Significant pressure on Vietnam bonds maturing in 2024
HANOI: The pressure of corporate bonds maturing in 2024 remains significant, with many businesses needing to pay trillions of Vietnamese dong that are due.

According to the latest data compiled by the Vietnam Bond Market Association (VBMA), the Hanoi Stock Exchange (HNX) and the State Securities Commission, the total value of corporate bonds due in the remainder of this year is 258.2 trillion dong.

Of that, 38% nearing maturity belongs to the real estate sector, approximately 99.2 trillion dong, followed by banking, reaching nearly 54.4 trillion dong and accounting for 21%.

According to the data published on the HNX, there will be a series of bonds worth trillions of Vietnamese dong maturing in 2024, including many large-value bonds issued by non-listed or newly established real estate companies.

One example is the bond series SDICB2124001 of Saigon Investment and Development Corp with a total face value of 6.5 trillion dong, which will mature on Dec 15, 2024.

This is also the largest maturing bond series this year.

Another bond series, GHICB2124001, with a value of 5.76 trillion dong issued by Golden Hill Investment Corporation, will mature on April 15, 2024.

The bond series NAN12301, with value of 4.7 trillion dong by Nam An Investment and Trading Corp, will mature in September 2024.

Dai Phu Hoa Joint Stock Co also has a bond series, worth 3.56 trillion dong, maturing in December 2024.

Two bond series, HYD22301 and HYD22302, issued by Hung Yen Urban Investment and Development Ltd Liability Co, with respective values of 4.45 trillion dong and 2.75 trillion dong, will mature this month.

According to estimates of VNDIRECT Securities Corp, the pressure on corporate bonds maturing in 2024 will remain significant, with a total value of individual corporate bonds maturing this year at around 207 trillion dong, which is a 3% decrease compared to 2023. — Viet Nam News/ANN
Markets,Vietnam,CorporateBonds,Maturity,Debt,RealEstate,Banking,FinancialStability
The pressure of corporate bonds maturing in 2024 remains significant, with many businesses needing to pay trillions of Vietnamese dong that are due.