REAL ESTATE FIRMS ACCELERATE BOND SALES

The corporate bond market is expected to gain momentum as bank credit growth approaches its limit - PHOTO: LE VU

HCMC – Real estate businesses have stepped up corporate bond issues on the primary market, with value in April surging more than 110% compared to the same period last year.

According to a bond market report released by the Vietnam Bond Market Association (VBMA), based on data available as of May 8, one corporate bond issue worth VND2 trillion and belonging to the real estate sector was recorded in early May.

In April, the real estate sector led the market, with bond sales totaling around VND30.4 trillion, accounting for 58.7% of the total. The figure surged more than 110% year-on-year and marked the highest level recorded in the past six months, according to a report by MBS Securities.

Since the start of the year, real estate has remained the largest bond issuing sector, with total issuance reaching VND54.4 trillion, up 278% from a year earlier and representing 58.3% of overall issuance value. Average coupon rates stood at around 8.7%.

Bond maturity pressure in the market is still concentrated mainly in the real estate sector, while banks, despite issuing fewer bonds, have stepped up bond buybacks.

In the first four months of the year, around VND41.9 trillion worth of bonds were repurchased ahead of maturity, up 5.7% year-on-year. Banks accounted for 68% of the total repurchased value, up 172%.

According to FiinGroup, improvements in the legal framework and rising demand for infrastructure investment are supporting growth in Vietnam’s primary bond market.

Demand for large-scale infrastructure financing is increasingly shifting from bank loans to the bond market as credit growth limits constrain bank lending.

Despite this trend, major non-bank corporations remain cautious about bond issuance, as bank credit can be disbursed more quickly and at more competitive rates.

The bond market also continues to face several challenges, including the absence of a reliable benchmark pricing system that makes issuing costs difficult to estimate, while collateral requirements remain a barrier for non-bank issuers.

Source: The Saigon Times

Related News

MEMBER CORNER / PROMOTIONS

JULY GOURMET DELIGHTS

Discover exceptional culinary moments with exclusive dining experiences crafted for every occasion.Valid until 31 July 2026RESERVE NOW

Jul 03, 2026

VIETNAM MONTHLY STATISTICAL DATA

INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN MAY OF 2026

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

Jul 03, 2026

BANKING / FINANCE / INSURANCE / TAX

BANK PROFITS EXPECTED TO REMAIN RESILIENT IN Q2

The banking sector is expected to post another quarter of profit growth in the second quarter of 2026, supported by solid credit expansion, although earnings are likely to become increasingly uneven across lenders as pressure on net interest margins and asset quality persists. A recent report by MB Securities (MBS) showed that profit after tax at the banks under its coverage is forecast to increase by around 15 per cent year-on-year in the second quarter.

Jul 02, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM'S SEAFOOD EXPORTS APPROACH $5.8 BILLION IN FIRST HALF OF 2026

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports generated nearly $1.1 billion in June alone, marking a 21 per cent increase on-year and extending the sector's solid growth momentum. The figures were released by VASEP on June 30 on its website. The association said the first-half performance reflected recovering global demand and Vietnamese exporters' ability to diversify markets, optimise product portfolios, and capitalise on regions offering geographical and cost advantages.

Jul 02, 2026

BANKING / FINANCE / INSURANCE / TAX

GOVERNMENT SETS MULTIPLE TARGETS IN LATEST FINANCIAL STRATEGY

Việt Nam's Government aims to see 50 State-owned enterprises included among the 500 largest companies in Southeast Asia, and at least one listed among the 500 largest firms in the world by 2030. These targets were set in Decision 1119/QĐ-TTg, which was recently signed by Deputy Prime Minister Nguyễn Văn Thắng.

Jul 02, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

LÀO CAI BORDER TRADE SURGES, DURIAN EXPORTS HIT RECORD HIGH

Import-export turnover through border gates in the northern province of Lào Cai rose by more than 60 per cent year-on-year in the first half of 2026, driven by a sharp increase in agricultural exports, particularly durian. Export value reached US$636 million during the six-month period, up 62 per cent from a year earlier and accounting for more than half of the province's total border trade. Agricultural products remained the dominant export category, making up over 90 per cent of outbound shipments.

Jul 02, 2026