According to information from the Hanoi Stock Exchange (HNX) on June 9, in May (as of May 31), there were 59 registrations to issue corporate bonds, with a total value of up to VND 70,352.5 billion. Of these, there were 53 successful issuances, equivalent to a value of VND 55,314.6 billion. The credit institution group continues to lead in both issuance and transaction rates in the market.
HNX statistics show that domestic banks are the group of investors who bought the most in the month. In the secondary market, there are 27 newly registered bond codes, equivalent to a value of VND 32,732.2 billion. The total trading value of the whole market reached VND 111,427.2 billion, an average of VND 5,571.3 billion/session - the highest level since the beginning of the year. Credit institutions are also the group with the largest transaction ratio.
Accumulated in the first 5 months of the year, there were 80 successful issuances with a total value of VND 97,751.8 billion. Meanwhile, the secondary market recorded 94 newly registered bond codes, with a total value of VND 102,595.5 billion. Liquidity remained high with the total market transaction value reaching VND 486,374.5 billion, the average session reached VND 4,963 billion.
Data from the Vietnam Bond Market Association (VBMA), compiled from HNX and the State Securities Commission (SSC), also shows a positive picture of the corporate bond market in May.
According to VBMA, there were 42 issuances recorded in the month with a total value of VND 46,771 billion. Since the beginning of the year, the total issuance value has reached VND 120,685 billion including 14 public issuances worth VND 27,904 billion (accounting for 23.1%) and 76 individual issuances worth VND 92,782 billion (accounting for 76.9%).
The list of issuances in May shows that issuance activities are mainly concentrated in the banking sector, many banks issuing large-value bonds such as: VPBank (VND9,000 billion), BIDV (multiple lots with a total value of over VND6,000 billion), MB, ACB, Bac A, MSB, ABBank, Techcombank... Popular interest rates range from 5.2% to 6.2%/year, in which many bond codes apply floating interest rates, calculated according to the savings interest rate plus the range of 13%.
Financial companies such as Home Credit Vietnam also issued 3 bonds with a total value of VND 1,200 billion, for a 2-year term, with a primary interest rate of 6.8%/year. Some real estate businesses such as Nam Long, Van Phu, Minh Hoang have also returned to the issuance market with 3-5 year term loans, interest rates ranging from 8.311%/year.
On the other hand, the activity of buying back bonds before maturity is still taking place regularly. In May, businesses bought back VND 15,858 billion in bonds. Since the beginning of the year, the total value of bonds bought back has reached VND 55,204 billion, up 10.6% over the same period in 2024. The real estate group alone accounts for about 50.7% of the total buyback value.
VBMA also warned that maturity pressure will increase in the second half of the year. The total value of bonds maturing in the remainder of 2025 is estimated at about VND151,870 billion, of which the real estate group accounts for more than half (VND81,769 billion), followed by the banking group (VND40,166 billion).
Some large enterprises have announced plans to issue bonds in the coming time. Asia Commercial Joint Stock Bank (ACB) plans to issue convertible bonds without collateral with a total value of VND20,000 billion. The Military Commercial Joint Stock Bank (MBB) also plans to issue a maximum of VND20,000 billion in individual bonds, term of 2-3 years, combined interest rate. Nam Long Investment Joint Stock Company (NLG) plans to issue VND 660 billion in bonds with collateral, interest rate of 11%/year for the first 2 terms.
