Vietnam’s corporate bond market saw 45 bond issuances–43 private and 2 public–worth a collective VND 48,995 billion, US$1.99 billion, in August, according to data from the Vietnam Bond Market Association. This was a sizable jump over July in which just 34 bond issuances–33 private and 1 public–worth a collective VND 31,782 billion, US$1.27 billion, were issued.
The bulk of these corporate bonds were issued to Vietnam’s banks which is inline with observations in July that a shift is taking place. Specifically, corporate bond debt looks to be moving from the real estate and construction sectors across to the banking sector which would fit with the broader narrative around real estate firms struggling to access capital.
Corporate bonds issued in Vietnam in August, billions VND/US$
| VND | US$ | % of Total | |
| Banking | 42,609 | $1.73 | 86.97% |
| Real Estate | 4,840 | $0.20 | 9.88% |
| Finance | 1,246 | $0.05 | 2.54% |
| Energy | 200 | $0.01 | 0.41% |
| Transportation | 100 | $0.00 | 0.20% |
| 48,995 | $1.99 | 100.00% |