Commercial banks’ purchase of real estate corporate bonds is considered indirect lending to real estate firms, experts say. Corporate bond rush The interest rates for the following years will be calculated by the average interest rate of three banks plus 4.8 percent. The bond interest rates of 10-14.5 percent per annum have caught special attention from the public because they are double bank deposit interest rates. However, the real interest rates bond holders can receive won’t be that high after they pay fees to banks. The HCMC Infrastructure Investment JSC issued VND200 billion worth of bonds with the interest rate of 11 percent for the first year. The interest rates for the next years will be calculated by the TP Bank’s one-year deposit interest rate plus 3.5 percent. Risks Kim Chi What's behind real estate firms’ race to issue corporate bonds? Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst … [Read more...] about VN banks told to be careful with corporate bonds
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A farm in Gia Lai Province is intercropped with other kinds of plants and uses an efficient irrigation system. VNA/VNS Photo Đặng Tuấn HCM CITY — Intercropping and advanced farming techniques used in the Tây Nguyên (Central Highlands) provinces are helping farmers adapt to the effects of climate change, including unusually heavy rains, whirlwinds and prolonged droughts. Serious damage to key crops like pepper and coffee has occurred in the region, which includes Kon Tum, Gia Lai, Đắk Lắk, Lâm Đồng and Đắk Nông provinces, according to Vũ Đức Côn, deputy director of the Đắk Lắk Department of Agriculture and Rural Development. In August, unusually heavy rains, for example, inundated more than 16,160ha of crops in Đắk Lắk's Buôn Đôn, Ea Súp and … [Read more...] about Central Highlands farmers adapt to climate change
A MB Securities Co's trading room. The company was among the top three underwriters for corporate bond issuance in the January-October period. — Photo thoibaotaichinhvietnam.vn The total value of corporate bonds was VND178.7 trillion (US$7.7 billion) in January-October this year, according to SSI Retail Research. Commercial banks remained the biggest bond issuers with VND79.4 trillion worth of bond issuance, accounting for 44.4 per cent of the total figure. Real estate companies issued VND61.27 trillion worth of corporate bonds, accounting for 34.3 per cent of the total. The remainders were infrastructure developers, securities firms and other types of business. In 2010, more than VND17 trillion worth of corporate bond notes was issued with about 55 per cent of the total belonging to real estate firms. The biggest issuers included Vinametric Co Ltd, the owner of Saigon Prince Hotel in HCM City. The company issued VND3.7 trillion worth of two-year bonds with yield rate set at … [Read more...] about Firms issue total US$7.7 billion worth of bonds in 10 months
Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks. A report of the State Securities Commission (SSC) showed that VND60 trillion worth of corporate bonds were issued in the first half of the year. Meanwhile, according to Military Bank Securities, the figure is VND70 trillion. Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks. The high bond interest rate is what analysts find worrying. Kim Chi Real estate firms switch to bonds due to less bank loans Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said. Strong desire for M&A deals in real estate Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong … [Read more...] about What’s behind real estate firms’ race to issue corporate bonds?
The three-day event was held by the United Nations Office on Drugs and Crime (UNODC) in collaboration with the Ministry of Public Security. The workshop attracted more than 50 participants from corruption prevention agencies, law enforcement agencies, and investigating bodies of Cambodia, Laos, Myanmar, Thailand and Vietnam. The training workshop will cover a wide range of investigative skills for corruption cases, ranging from the gathering of evidence and documentation to witness interviews, electronic surveillance and the use of scouts. It will also introduce indirect methods to demonstrate the origin of corrupt behaviour and good practices in investigating corruption. An important objective of the workshop is to strengthen the capacity of law enforcement agencies to file and submit requests for judicial assistance to the central offices of other countries to gather evidence. Speaking at the workshop, senior lieutenant-colonel Le Duc Tuyen, deputy director of the Foreign Affairs … [Read more...] about Training course on corruption, regional cooperation launched