REAL ESTATE BOND MARKET REBOUNDS IN MAY

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about VNĐ15.86 trillion before maturity - an increase of 6.7 per cent compared to the same period in 2024.

Real estate bonds issued from June-December are expected to represent a worth of about VNĐ79.77 trillion. —Photo chinhphu.vn

HÀ NỘI — The Việt Nam Bond Market Association (VBMA) reported that real estate firms issued seven separate bond lots in May with a combined value of more than VNĐ10.5 trillion (US$403.5 million).

Of which, Vingroup led the pack, issuing three batches totaling VNĐ6 trillion, according to the association.

Other notable issuers in May included Viet Minh Hoang Construction and Real Estate Investment JSC (about VNĐ3.47 billion), AAC Vietnam JSC (VNĐ500 billion), Song Phuong Industry - Real Estate and Construction LLC (VNĐ388.5 billion), and Van Phu Real Estate Development JSC (VNĐ150 billion).

VBMA data also revealed that in May, the whole market saw 42 separate bond issuances totaling VNĐ46.77 trillion. The banking sector continued to dominate the market, accounting for VNĐ28.72 trillion in bond issuance.

In addition to the surge in new bond issuances, May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about VNĐ15.86 trillion before maturity - an increase of 6.7 per cent compared to the same period in 2024.

Looking ahead, VBMA estimates that approximately VNĐ149.87 trillion in bonds will mature over the remaining seven months of 2025. Real estate bonds represent a significant portion of this amount, with about VNĐ79.77 trillion - or 53 per cent - set to mature.

The bond market is expected to remain active, with two major upcoming issuance plans already announced. Of which, Asia Commercial Bank (ACB) has approved its second round of individual bond issuance for 2025, with a maximum value of VNĐ20 trillion.

These will be convertible, unsecured bonds with no warrants, featuring a face value of VNĐ100 million per bond and a maximum term of five years. The interest rate will be a mix of fixed and floating manners.

Meanwhile, Nam Long Investment Corporation plans to issue bonds worth up to VNĐ660 billion. These non-convertible, secured bonds carry a face value of VNĐ100 million each, a three-year term, and an annual interest rate of 11 per cent for the first two periods.

The return of real estate firms to the bond market shows investor confidence and reduction of capital-raising difficulty faced by the sector in early 2025. — VNS

Source: VNS

Related News

BANKING / FINANCE / INSURANCE / TAX

REMITTANCES TO HCM CITY RISE NEARLY 40% IN Q3

Remittances to HCM City reached more than US$2.83 billion in the third quarter of this year, up 39.5 per cent from the previous quarter and 3.6 per cent year-on-year. This was the first quarter showing positive annual growth this year, helping narrow the decline in remittance inflows over the first nine months. According to the State Bank of Vietnam (SBV)’s Regional Branch 2, remittances transferred to HCM City through credit institutions and economic organisations totalled $2.835 billion in Q3, an increase of more than $802 million from the previous quarter.

Oct 21, 2026

TECHNOLOGY

TECH SECTOR GROWTH OPENS UP OPPORTUNITIES FOR VIỆT NAM TO GO GLOBAL

The growth of the electronics, semiconductor and high-tech sectors worldwide is opening up a variety of opportunities for Vietnamese enterprises to integrate more deeply into the global supply chain. However, to become suppliers for these corporations, domestic enterprises must meet rigorous standards regarding quality, technology, productivity and order fulfilment capabilities.

Oct 21, 2026

VIETNAM ECONOMY INVESTMENT

FOREIGN INVESTORS SEEKING A SYNCHRONISED MANUFACTURING ECOSYSTEM

Instead of focusing only on land costs and incentives as usual, foreign investors are seeking a synchronised manufacturing ecosystem, from stable power supply and logistics to shared infrastructure and the convenience of completing residence procedures for experts to serve their long-term investment in the country.

Oct 21, 2026

MEMBER CORNER / PROMOTIONS

SENTRYSAFE FHW40200 – PROTECT YOUR VALUABLES, ENJOY PEACE OF MIND!

Looking for a reliable solution to protect your important documents, cash, and valuables from fire and water damage? Genuine SENTRYSAFE - Reliable protection for your valuables and peace of mind! Contact Sen Wai Vietnam for more information and personalized product recommendations.

Oct 21, 2026

PROPERTY / INDUSTRIAL ZONE

HCM CITY ATTRACTS US$5.7 BILLION INTO EXPORT PROCESSING AND INDUSTRIAL ZONES

HCM City attracted US$5.7 billion in domestic and foreign investment into its export processing and industrial zones during the first nine months of 2026. The figure exceeded the city's full-year target by 31 per cent, highlighting strong momentum in high-quality industrial investment under Resolution No.10-NQ/TW. Total investment reached 131 per cent of the 2026 target of $4.25 billion and represented a 29 per cent increase compared with the same period in 2025, according to the city's Export Processing and Industrial Zones Authority (HEPZA).

Oct 21, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

DONG THAP PROVINCE STEPS UP INDUSTRIAL EXPANSION AND INFRASTRUCTURE CONNECTIVITY

Accelerating public investment, strengthening inter-regional connectivity, and expanding industrial land are helping Dong Thap efficiently bolster competitiveness and drive economic growth. Following the 2025 merger of the former Dong Thap and Tien Giang provinces, the expanded Dong Thap province in the Mekong Delta faces mounting pressure to accelerate infrastructure development and strengthen connectivity among local economic zones, urban areas, industrial parks (IPs), and production centres.

Oct 21, 2026