The average coupon rate has increased by approximately 2.5 percentage points from its low in 2025. However, the pace of this rise slowed significantly in the third quarter as rates neared the 2022-2023 peak levels.
The corporate bond market resumed a positive development in May, with over VNĐ40.2 trillion (US$1.52 billion) successfully raised, equivalent to nearly one-third of the total bonds issued in the first five months of the year.
The State Treasury raised over VNĐ80 trillion (US$3 billion) through government bonds in the first quarter of 2026, meeting 16 per cent of the annual raising target.
In the first two months of this year, the State Treasury raised more than VNĐ60.5 trillion in government bonds, completing about 55 per cent of its first-quarter issuance plan and roughly 12 per cent of the full-year target.
Analysts of FiinRatings predicted the 2026 outlook for Việt Nam’s corporate bond market as very positive and active, with an improving credit quality trend.
Some leading property developers have left billions of đồng in bond interest payments overdue, citing prolonged economic difficulties in the real estate sector.
HDBank has successfully completed its US$100 million international green bond initiative in 2025 with the issuance of a second tranche worth $50 million to the Dutch Entrepreneurial Development Bank (FMO) and British International Investment (BII), the UK’s development finance institution...
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 highest penalties of VNĐ1.5 billion ($58 million) apply to acts such as falsifying documents to prove eligibility for issuance, or certifying forged documents in offering dossiers.
The draft decree proposes clearer and stricter responsibilities for issuing companies and organisations involved in preparing and confirming issuance dossiers.