May 2025: Record issuance, Rising maturity pressure
In May2025, the total bond issuance increased to VND66,112bn (+117% yoy, +38% mom). The Banking issued VND48,757bn (+123% yoy) and made up 74% of the total May issuance.
Corporate bond maturities in 3Q25 are projected to reach VND63,725bn, increase 97.4% qoq
Featured Analysis
Covered warrant: The number of gaining CWs rose markedly
Derivatives: Buying demand at lower levels
Market commentary: Easing of selling pressure
Chart of the day: Rising liquidity
Strategy Monthly: Expectation for the long-term trend
Derivatives: Selling pressure persists
Market commentary: Demand returns
