Due to a surging credit growth amid slow deposits, many banks have to raise capital in the bond market, causing bond interest rates to surge and putting significant pressure on profit margins of banks.
The draft decree no longer emphasises operational time or profitability requirements, but instead focuses on legality of project contracts, loan limits, payment guarantee mechanisms and credit ratings.
The corporate bond market continued its recovery in 2025 with issuance estimated to total VNĐ575.4 trillion (US$21.8 billion), up 11.3 per cent over 2024, according to the Việt Nam Bond Market Association.
The State Securities Commission of Vietnam (SSC), in collaboration with the UK Embassy, held a workshop in Hà Nội on Monday to unveil a green bond disclosure handbook designed to boost transparency and advance the green finance market.
The Government has shown strong determination to reform institutions, perfect the legal framework, and improve the management capacity of the financial market and, especially, the corporate bond market.
During this period, bank bonds constituted 67.1 per cent of the total issuances, overshadowing the real estate sector, which accounted for only 20.8 per cent.
In the first two months of the year, government bond issuances through HNX auctions reached VNĐ45.11 trillion, fulfilling 41 per cent of the first-quarter target and 9 per cent of the annual plan for 2025.
The Hà Nội Stock Exchange successfully organised 17 Government bond auctions in November, raising VNĐ20.76 trillion (US$817.6 million) for the State Treasury.