Up to 100 firms that have issued corporate bonds have failed to meet their repayment obligations to investors. These firms represent 19 percent of Vietnam’s corporate bond debt with delayed payments from January to November totalling US$7.92 billion, according to The Investor.
Despite bond market reforms throughout the year and several successful corporate bond issuance, Vietnam’s corporate bond market’s woes are far from over–in Q3 the corporate bond market recorded a contraction of 3.1 percent in the latest ADB Bond Monitor.
See also: C. bank T-bills expand Vietnam’s bond market by 3.9 percent in Q3