Vietnam’s corporate bond market saw 34 bond issuances–33 private and 1 public–worth a collective VND 31,782 billion, US$1.27 billion, in July, according to data from the Vietnam Bond Market Association. This was slightly down on June which recorded 42,147 billion or US$1.51 billion in bonds issued, but well up on May which recorded just VND 16,695 billion or US$656.5 million of bonds issued.
Of note, the bulk of these new bond issuances have been in the banking sector which is increasingly responsible for a bigger share of Vietnam’s corporate bond market.
Back in 2022, the construction sector dominated bond issuances, accounting for about 52.30 percent of bonds issued by the end of July that year. Banking on the other hand accounted for just 2.17 percent. At the end of July this year, however, banking accounted for 67.2 percent of the bonds issued whereas construction accounted for just 2.8 percent.
The total value of corporate bonds issued by the end of July this year was VND 183,019 billion. For comparison, July 2022 was almost the same with VND 200,275 billion.