C-bond Observation
13
February
Jan 2026: The lowest issuances
- In Jan 2025, the total value of bond issuance dropped to VND3,711bn (Fig.1), -33% yoy and -96% mom. - The Banking issued VND2,221bn with -58% yoy and accounting for...
16
January
Dec 2025: Higher issuances, Lower maturity pressure
The issuances from major sector significantly expanded In Dec 2025, the total value of bond issuance surged to VND84,355bn (Fig.1), 3% yoy and 140% mom. The Banking issued VND56,859bn with...
11
December
Nov 2025: Lower issuances, Higher maturity pressure
The issuances from major sector significantly declined In Nov 2025, the total value of bond issuance slightly increased to VND34,213bn (Fig.1), -6% yoy and -48% mom. The Banking issued VND18,242bn...
13
October
Sep 2025: Lower issuances, higher maturity pressure
In Sep 2025, the total value of bond issuance sharply decreased to VND49,569bn (Fig.1), - 15% yoy and -18% mom. The Banking issued VND33,880bn with -29% yoy and accounting for...
25
September
Nov 2025: Higher issuances, Lower maturity pressure
In Oct 2025, the total value of bond issuance expanded to VND64,396bn, +49% yoy and +27% mom. The Banking issued VND29,235bn with +30% yoy and accounting for 45% of total...
17
September
Aug 2025: Higher issuances, lower maturity pressure
In Aug 2025, the total value of bond issuance increased to VND60,362bn (Fig.1), - 6% yoy and 34% mom. The Banking led the growth with VND33,714bn with -37% yoy and...
07
August
Jul 2025: Lower issuances, higher maturity pressure
In Jul 2025 the total bond issuance dropped to VND43,303bn (Fig. 1), +6% yoy and -65% mom Corporate bond maturities in August are projected to reach VND35,752bn, +433% yoy
08
July
Jun 2025: New issuance hit a record high in June
In Jun 2025 the total bond issuance increased to VND115,575bn (Fig. 1), (+36% yoy and +56% mom). The Banking led the Jun 2025 surge with VND94,168bn (+30% yoy) and accounted...
12
June
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...
Featured Analysis
Derivatives: Awaiting the next signal
Market commentary: Green returns
Covered warrant: Liquidity continues to increase
Derivatives: Bearish sentiment
Market commentary: Broad-based selling pressure
SBV returns to net liquidity injection amid cooling interbank rates
Market commentary: Negative developments
