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Vietnam’s corporate bond market sees December jump, over US$2.3 billion in issuances

In December 2024, according to data consolidated by VBMA, there were 54 corporate bond issuances via private placement, totalling VND 56,793 billion (US$2.27 billion), along with one public offering amounting to VND 800 billion (US$32 million). For the year 2024, there were 429 private placements valued at VND 410,544 billion (US$16.42 billion) and 22 public offerings with a total value of VND 32,914 billion (US$1.32 billion).

In the same month, enterprises redeemed VND 27,458 billion (US$1.10 billion) in corporate bonds, marking a 36% decline compared to December 2023. Looking ahead to 2025, VND 216,670 billion (US$8.67 billion) worth of corporate bonds will reach maturity, with real estate bonds making up the largest portion, at VND 120,640 billion (US$4.83 billion), or 55.6% of the total.

In terms of corporate bond issues, there were three announcements of delayed interest payments, totalling VND 80.3 billion (US$3.21 million). On the secondary market, the total transaction value of privately issued corporate bonds in December amounted to VND 131,786 billion (US$5.27 billion), with an average daily value of VND 5,990 billion (US$239.6 million), reflecting a 14% increase from November 2024.

A couple of notable bond issuances include VinHomes which issued VND 4,000 billion (US$157.5 million) worth of bonds and Vietjet which issued VND 3,000 (US$118.1 million).

See also: Financial Sector in Vietnam

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