One-fifth of real estate exchanges at risk of shutdown – VARS

September 02, 2023

The survey conducted by VARS involved over 500 real estate companies and provided insights into various segments of the real estate market, including project developers (11%), service providers (60%), and diversified businesses (29%). These policy changes have had positive effects on the real estate supply. With the enforcement of Decree 08 and other measures by the State Bank of Vietnam, the corporate bond market has seen improvement. The real estate sector ranked second in terms of the total value of corporate bond issuance during the first seven months of 2023, accounting for 33% with over VND26 trillion. However, while extending debt repayment timelines offers temporary relief, it does not address the underlying challenges faced by real estate companies, as noted by VARS.

The source of this news is from The Saigon Times