April 2025: The return of real estate issuance
In April 2025, the total bond issuance increased to VND31,917bn (+61% yoy, +86% mom). The Real estate issued VND10,000bn (+12% yoy) and made up 31% of the total April issuance, marking the sector’s return to the bond market
Featured Analysis
Derivatives: Caution increases
Market commentary: Real Estate bucked the market trend
GEG – Earnings Review – [HOLD] – 1Q25: Profit takes off, wind power surging
SBV withdraws significantly
Covered warrant: Positive development
Derivatives: Profit-taking pressure
Market commentary: Supply pressure dominates
