“Although the corporate bond market has shown signs of recovery, the pace might be slow. We need more synchronized solutions to boost this market in the future,” said Associate Professor Dr. Nguyen Huu Huan from the University of Economics Ho Chi Minh City in a conversation with The Saigon Times Signs of recovery The Saigon Times: According to credit rating agencies, Vietnam’s corporate bond market is demonstrating a recovery. The total value of bonds issued, chiefly via private placement, in the first nine months of 2024 reached VND313.6 trillion, up by nearly 58% over the same period last year. Although debt payment delays persist, the recorded value in September 2024 improved. What is your view? Dr. Nguyen Huu Huan: Based on recorded data, indeed, the corporate bond market has recovered after a protracted period of being frozen. The total issuance value in the first nine months of 2024 equaled the total of 2023 and was 22% higher than in 2022. VIS Ratings reported that September 2024 was the first month since October 2021 with no new delayed payments. The market-wide delinquency rate was 14.8% by the end of September 2024, a slight decrease from 14.9% in the previous month. Also […]
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