Bond market in 2025 remains stable and grows positively

The Hanoi Stock Exchange has just coordinated with the Department of Financial Institutions and the State Treasury to organize a Conference to summarize bond market activities in 2025. Deputy Minister of Finance Nguyen Duc Chi attended and chaired the Conference.

Speaking at the opening of the Conference, Ms. Pham Thi Thanh Tam - Deputy Director of the Department of Financial Institutions, Ministry of Finance said that in the context of complicated developments in the world and domestic economy , despite being affected by many influences and impacts, the bond market in 2025 still maintained stability and positive growth.

Ms. Pham Thi Thanh Tam - Deputy Director of the Department of Financial Institutions, Ministry of Finance delivered the opening speech at the Conference.

According to information from Ms. Pham Thi Thanh Tam, the total capital mobilized through the bond market in 2025 will reach more than 730 trillion VND, equivalent to about 27% of total social investment capital. The size of the bond market by the end of 2025 will reach about 3.83 million billion VND, equivalent to about 33.3% of GDP in 2024.

Issuing government bonds has become the main capital mobilization channel of the Government, contributing 70% of the capital mobilization needs of the central budget, with an average issuance term of 9.84 years, achieving the target set by the National Assembly. The corporate bond market in 2025 will also have positive growth compared to 2024 in terms of both the number of enterprises issuing and the value of capital mobilization of bonds, with a total mobilized value estimated at about 441.7 trillion VND.

Speaking at the Conference, Deputy Minister of Finance Nguyen Duc Chi acknowledged and commended the efforts of management agencies, relevant units and organizations, and bond market members in recent times.

“In 2025, the government bond and corporate bond markets will continue to maintain stability and growth compared to 2024; the legal framework will be increasingly improved; coordination between management agencies, market organizations, market makers and investors will be enhanced,” the Deputy Minister affirmed.

Deputy Minister of Finance Nguyen Duc Chi gave a speech at the Conference

In the context of the Party and State setting a double-digit GDP growth target from 2026 onwards, the Deputy Minister emphasized the increasingly important role of the bond market, along with the stock market, in becoming a channel to mobilize and lead medium- and long-term capital for the economy.

Regarding the government bond market , the Deputy Minister requested that in 2026 and the following years, it is necessary to continue to perfect the legal framework and proactively manage it in accordance with the needs of using the state budget and market developments. At the same time, it is necessary to flexibly coordinate between the management of the government bond market and the monetary policy of the State Bank; research and deploy the issuance of green bonds to serve sustainable development projects and circular economy.

In addition, the Deputy Minister suggested continuing to implement solutions to develop investors , especially institutional investors such as investment funds and insurance companies; at the same time, maintaining dialogue and exchange activities between management agencies and market members to promptly remove difficulties and promote market development.

Regarding the corporate bond market , the Deputy Minister requested to continue perfecting the legal framework, strengthening propaganda and training for investors, especially developing a group of professional securities investors, and bond issuance needs to be linked to credit ratings to enhance transparency and publicity.

Deputy Minister Nguyen Duc Chi expressed his hope that, through this conference, agencies, units and market members will openly discuss and agree on effective goals and solutions to build a stable, professional and sustainable bond market in 2026 and the following years.

In his closing speech at the Conference, Vice Chairman of the State Securities Commission Nguyen Hoang Duong said that in recent times, the Ministry of Finance, the State Bank and the State Securities Commission have closely coordinated in managing fiscal and monetary policies, contributing to ensuring the stock market operates safely, stably and effectively. Thanks to that, key objectives, including the goal of upgrading the market, have been basically achieved.

Reports presented at the conference showed that the government bond market continued to develop steadily, well meeting the capital mobilization needs for the state budget; meanwhile, the corporate bond market also recorded many positive signals, gradually recovering and improving.

Vice Chairman Nguyen Hoang Duong affirmed that, on the basis of comprehensively absorbing the instructions of the Deputy Minister of Finance and the discussion opinions of the delegates , the management agency and related units will synthesize, complete and deploy practical and effective solutions to promote the government bond and corporate bond markets to develop more strongly , meeting the capital mobilization needs of the economy in the coming period.

Source: https://baodautu.vn/thi-truong-trai-phieu-nam-2025-duy-tri-on-dinh-tang-truong-tich-cuc-d430557.html