Nearly half a million billion VND worth of corporate bonds were issued in 10 months.

In its published report, Techcombank cited data from the Vietnam Bond Market Association (VBMA) stating that corporate bond issuance in October remained positive with 42 issuances, reaching a total value of VND57,192 billion. Accumulated from the beginning of 2025 to now, the total value of corporate bond issuance has reached VND481,944 billion.

Of which, there were 28 public issuances with a total value of VND50,583 billion, accounting for 10.5% of the total issuance volume and 380 private issuances with a total value of VND431,361 billion, accounting for 89.5%. Pre-maturity bond repurchase activities tended to decrease significantly in October, mainly due to a significant decrease in the value of corporate bonds about to mature. Accordingly, the cumulative bond repurchase value in October only reached VND9,948 billion.

Since the beginning of the year, the cumulative value of bonds bought back by businesses before maturity has reached VND247,053 billion, an increase of 49.4% over the same period in 2024. In particular, the banking sector is the leading group, accounting for 66.7% of the total value of buybacks on the market.

Regarding the stock market, the report said that the Vietnamese stock market continued to be under strong correction pressure last week due to the lack of new supporting information, while most expectations were reflected in the index. The VN-Index closed the week at 1,599.1 points, down 43.54 points or 2.65%, erasing the recovery efforts in the first sessions of the week. Despite the large decrease, liquidity remained low with the average weekly trading value reaching VND25,305 billion, down 8.2% compared to the previous week.

“This shows that investors are somewhat cautious, while bottom-fishing demand still has many exploratory factors because the market has not shown clear positive signals. The market this week lacked leading stocks when only a few groups of stocks with their own stories still maintained green color such as oil and gas…”, the report stated.

According to the report, the year-end deposit interest rate increased, causing some investors to worry about the reversal of monetary policy. However, we believe that the increase in deposit interest rates is mainly to serve the increased credit demand at the end of the year.

"Although interest rates are forecast to increase slightly, they will still be kept at a low level to support production and business activities to promote economic growth in the coming period," the report said.

Regarding credit, the report said that in the first 9 months of 2025, credit growth reached more than 13.4%, 4 percentage points higher than the same period last year (increased by 9.1% in the same period), showing that capital demand in the economy is recovering strongly. Meanwhile, mobilization growth in the first 9 months of the year only reached 10.65%. The high difference forced commercial banks to increase mobilization to ensure capital sources for future loans.

Source: https://vtv.vn/gan-nua-trieu-ty-dong-trai-phieu-doanh-nghiep-duoc-phat-hanh-trong-10-thang-100251110173801506.htm