Increased issuance demand to meet the 500 trillion VND mobilization target could cause a slight uptick in short-term government bond yields.

Aqua City Company Limited, the developer of the Aqua City project, recorded an after-tax loss of nearly 121 billion VND in the first half of the year.

Hung Thinh Quy Nhon Company, the developer of MerryLand Quy Nhon, reported a post-tax profit of nearly 188 billion VND in the first half of the year, a significant decrease from almost 703 billion VND recorded in the same period last year.

To meet capital needs, real estate businesses raise bonds with an average interest rate of over 12% per year, with some cases reaching 13,5%.

Fansipan Sa Pa Cable Car Service Co., Ltd. reported an after-tax profit exceeding 280 billion VND, a significant turnaround from a loss in the same period last year.

The wave of government bond sell-offs shows no sign of abating, pushing yields to multi-decade highs.

Marina Center Company, owner of the Saigon Marina IFC building at the International Financial Center, reported an after-tax loss of over 200 billion VND in the first half of the year.

According to ACBS data, Vinhomes-related businesses issued 57 trillion VND in bonds, equivalent to USD 2.1 billion, during the second quarter.

Sacombank recently raised 3,650 billion VND through bonds with a fixed annual interest rate of 10%, the highest among hundreds of bank bond issuances this year.