Want to be in the loop?
subscribe to
our notification
Business News
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
VIETNAM ECONOMY INVESTMENT
HCMC SEEKS SOUTH KOREAN INVESTMENT IN FOUR SECTORS
In the next phase of its development, HCMC is prioritizing efforts to attract investment from South Korean businesses in four strategic sectors, including developing an international financial center, building AI and semiconductor ecosystems, expanding the startup and venture capital ecosystem, and advancing smart urban and green growth projects.
HOSPITALITY / TOURISM / ENTERTAINMENT
CAN THO TARGETS TOURISM REVENUE OF VND22 TRILLION BY 2030
By 2030, the Mekong Delta city of Can Tho looks to attract around 18 million visitors and generate tourism revenue of VND20–22 trillion as it seeks to make tourism a key economic sector contributing at least 10% of the city’s gross regional domestic product (GRDP). The strategic target is outlined in a newly issued resolution by the Can Tho City Party Committee on accelerating tourism development.
TECHNOLOGY
VIETNAM PRIORITIZES 70 HIGH TECHNOLOGIES, 100 NEW PRODUCTS
Starting July 1, Vietnam will prioritize investment in the development of 70 high technologies and encourage the development of 100 high-tech products as part of efforts to shape investment flows and accelerate growth in the digital economy. The policy is outlined in Decision No. 23/2026/QD-TTg issued by the prime minister, replacing Decision No. 38/2020/QD-TTg, which had been in effect for more than five years.
TECHNOLOGY
HCMC TARGETS COMMERCIALIZATION OF OVER 60% OF AI RESEARCH
The HCMC People’s Committee has issued a plan to implement the city’s program on artificial intelligence (AI) research and development for 2026 under the 2020–2030 roadmap. A key target is to raise the rate of direct application and commercialization of AI research outcomes and intellectual property assets to more than 60%.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC PROPOSES 58 URGENT INFRASTRUCTURE PROJECTS FOR 2026-2030
The HCMC Department of Construction has proposed a list of 58 priority infrastructure projects for implementation in the 2026-2030 period to address four major urban challenges, including traffic congestion, flooding, canal-side housing upgrades, and the city’s growing demand for social housing. The largest share of the proposed projects, with 27 in total, is focused on easing traffic congestion and enhancing regional links.
LEGAL UPDATE / POLICY
VIETNAM TO REQUIRE HEALTH DECLARATIONS FOR ALL CROSS-BORDER TRAVELERS FROM JULY 1
People entering, leaving or transiting through Vietnamese border gates will be required to submit health declarations under Government Decree No. 165/2026/ND-CP, which will take effect on July 1, 2026. The decree was issued to provide detailed regulations and guidance for the implementation of several provisions of the Law on Disease Prevention, including health quarantine requirements for inbound, outbound and transit travelers, the Vietnam News Agency reported.
Events Sponsors
