Evergrande Incident And Lessons For Vietnamese Real Estate Businesses

Evergrande Real Estate Empire (China) is standing in front of the bankruptcy area is also the time for Vietnamese real estate businesses to look back and give themselves a valuable lesson. Save the supply to reduce the risk of breaking Nguyen Van Loc, LPVN Law Firm from Evergrande's case, management agencies need to control the implementation of real estate market executive policies to actively respond, avoid "Evergrande debt bombs Vietnam ", especially when the epidemic is still moving in the present. I think it is necessary to simultaneously do many solutions, including the review of factors that are hindering market liquidity. In particular, focusing on two factors is the legal acceptance for the project under the capacity of capacity and the Bank has a flexible interest rate mechanism for the market participants (especially the top private and home buyers to stay). If there are more strict control of corporate bond issuance and have a legal balance plan, avoiding the bond buyers to "grasp the tongue" as well as joint Industry issued such as current bonds, in which the key score is the asset assets of the investor not only to meet the release criteria, but also maintain the continuous value later

. In addition, the use of money sources is for the right purpose and the value of real or virtual assets is also to note. According to me, a comprehensive inspection of real estate projects is not enough Suitable and suppressed proper processing. With projects that only live with a bank loan and maintain with mobilized capital from customers, it will not be saved if delayed
Finally, it is necessary to determine the planning to hang, recover abandoned projects and scenes. Newspaper for project slow progress. The problem of speculation and storage of land in the last two decades is also needed to be thoroughly and drastically treated to facilitate capable investors. Look at Evergrande's mistake to avoid left release Over-handed coupons, large leverage Nguyen Tri Hieu economy has many views that Evergrande is an out-of-border incident and has not yet much impact on the domestic real estate market. However, with a debt with both the average country's GDP, this crash occurs, if it will bring large implications to the financial market, not only China, but also the globe. The answer about these effects will become clearer after a 30-day period (from September 23, 2021). The story allows mobilizing capital from customers to do the project as now is too dangerous Insurance and years, I also warned this. American market development experience can be referenced. In the US, investors must not mobilize capital to do housing projects, but can only be completed. Investors can only borrow money from banks or investment funds, with very rigorous authentication and multi-sanctions to ensure the loan
This is a great difference and a lot safer for the market. Another problem is that the issuance of real estate bonds must be very careful, both with investors and investors. Particularly with the investor, the release of strong hands is "self-shooting on their feet". Decree 153/2020 / ND-CP of the Government has stated quite clearly about the conditions for issuing individual bonds for the house Professional investment, but the reality is not difficult to "splash the law" (becoming a professional investor to satisfy the conditions). That, the issuance of corporate bonds also has many risks, especially with these Small investors, no experience, potential. Nguyen recorded.

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