According to data compiled by the Vietnam Bond Market Association (VBMA) from HNX and SSC, as of the information announcement date of June 30, 2025, there were 65 private bond issuances worth VND 86,953 billion in June 2025.
In June 2025, businesses bought back VND39,265 billion of bonds before maturity, an increase of 54% over the same period in 2024.
In the remaining 6 months of 2025, it is estimated that there will be about VND 131,601 billion of bonds maturing, of which the majority are real estate bonds with VND 69,970 billion, equivalent to 53%.
Regarding the situation of unusual information disclosure, there were 7 bond codes with late interest and principal payments worth 5,224 billion VND in June.
In the secondary market, the total trading value of individual corporate bonds in June 2025 reached VND 129,040 billion, an average of VND 6,145 billion/session, an increase of 10.5% compared to the average in May.
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| Source: VBMA. |
In the coming time, the market will welcome other large issuances from credit institutions. According to the plan, the Bank for Agriculture and Rural Development of Vietnam ( Agribank ) has approved a plan to issue bonds to the public in 2025, with a maximum total value of VND 10,000 billion. These are non-convertible bonds, without warrants, without collateral and an expected face value of VND 100,000/bond. The bonds have a term of 10 years with a floating interest rate.
In addition, the Board of Directors of Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has also approved a plan to issue individual bonds in 2025 with a maximum total value of VND 10,000 billion. These are non-convertible bonds, without warrants, without collateral and an expected face value of VND 100 million/bond. The bonds have a maximum term of 5 years with a combined interest rate of fixed and floating.
Previously, statistics from credit rating agency VIS Rating assessed that June 2025 recorded the highest monthly bond issuance value since 2022, of which more than 80% were privately issued bonds by banks.
As of the end of the month, major private banks ( ACB , MBBank and Techcombank) had completed about 50% of their 2025 bond issuance plan, with the remainder to be implemented in the second half of the year.
In the non-financial business sector, the residential real estate industry accounts for a large market share, in which Vingroup and related companies account for 81% of issuance in the first 6 months of 2025.
The bond market also recorded positive information when on June 25, 2025, the Ho Chi Minh City Civil Judgment Enforcement Department paid more than VND 7,000 billion (equivalent to 24.81% of the bond's par value) to bondholders of 25 bond codes issued by four enterprises of the Van Thinh Phat group.
VIS Rating assessed that this is a positive development for bondholders, as the court has ensured the enforcement of investors' rights, creating a precedent to help increase confidence in the corporate bond market.
Source: https://baodautu.vn/hon-131000-ty-dong-trai-phieu-doanh-nghiep-se-dao-han-nua-cuoi-nam-2025-d327932.html
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