HCMC – Businesses issued bonds worth VND58.6 trillion in August, up 42% against the previous month, with banks and real estate firms leading the way to refinance debt and raise medium- to long-term capital.
According to the August corporate bond market report by Vietnam Investors Service and Credit Rating Agency Joint Stock Company (VIS Rating), issuance activity continued strong growth.
In August, bond issuance totaled VND58.6 trillion, up 42% against July and marking the third-highest monthly volume this year. Of this, VND6.3 trillion came from public offerings, largely driven by banks and infrastructure firms.
Vinhomes stood out with two bond tranches totaling VND15 trillion, carrying a coupon rate of 11% per year, aimed at refinancing. This was also among the largest transactions in the real estate sector to date.
In the banking group, HDBank, MB, ACB, and Bac A Bank issued over VND1 trillion each, taking advantage of low interest rates to supplement medium- to long-term capital.
Between January and August, companies issued VND373 trillion worth of bonds, up nearly 50% from a year earlier. Public offerings made up more than VND47.8 trillion, which is already 30% higher than the total in all of 2024.
Total outstanding corporate bonds currently stand at VND1.39 quadrillion.
Banks account for the largest share with VND660 trillion, followed by real estate at VND391 trillion, while sectors such as tourism, energy, construction, and securities make up smaller portions.
Along with the pickup in new bond sales, debt resolution also showed positive signs. According to the Vietnam Bond Market Association (VBMA), businesses redeemed VND27 trillion of bonds ahead of maturity in August, up 70% year-on-year.
A real estate firm fully settled VND4 trillion in bond principal.
