HCMC – Vietnamese firms issued VND23.7 trillion worth of bonds in September, down 61% from August and the lowest in six months, the Vietnam Bond Market Association (VBMA) reported.
The month saw 26 private placements worth VND23.2 trillion and one public issuance of VND499 billion, marking a 58% year-on-year decline.
Despite the slowdown, total bond issuance in the first nine months reached nearly VND398 trillion, up 27% year-on-year, with private placements making up the majority. Banks led with 73% of total issuance, followed by real estate firms at 18%.
Enterprises repurchased VND19.5 trillion worth of bonds before maturity in September, while around VND48 trillion is set to mature in the final quarter, 38% of which belongs to real estate.
VBMA also recorded five delayed payments totaling VND150 billion.
On the secondary market, trading averaged VND7.5 trillion per session, up 45% month-on-month, showing improved liquidity despite tighter issuance conditions.
Major firms such as Vingroup and Vietjet plan new bond offerings worth up to VND2.5 trillion and VND3 trillion later this year, respectively.
