Vietnam Corporate Bond Market Report – June 2025

FiinGroup is pleased to present the Vietnam Corporate Bond Market Report – June 2025, offering a comprehensive overview of market developments during the month. 

Key highlights: 

• Total outstanding corporate bonds reached VND 1.35 quadrillion, up +3.7% from the end of May 2025, driven by continued positive issuance activity. 
• Bond issuance in June 2025 hit VND 123.7 trillion – the highest monthly value since January 2022, all through private placements. Banks led the market, accounting for 80% of total issuance. Notably, some non-bank sectors resumed issuance, including Tourism & Leisure, Chemicals, and Construction. 
• Bond buybacks surged to a record-high of VND 62.9 trillion in June, up +190% MoM and +139% YoY, with banks accounting for 86.8% of the total. In the first half of 2025, buybacks totaled nearly VND 123.3 trillion (+31% YoY). 
• The secondary market continued to recover: total trading value reached VND 137 trillion (~VND 6.5 trillion/day), up +13.4% MoM but down -12.4% YoY. Trading focused on 1–3 year bonds, especially in the Banking and Real Estate sectors. 
• Bond repayments from January to June 2025 were estimated at VND 91.4 trillion (principal + interest), accounting for 32% of the total repayment obligations for 2025. Meanwhile, VND 201.2 trillion in bonds is expected to mature in H2/2025, increasing repayment pressure. 

Non-financial sector issuers are showing signs of recovery in issuance activity 

📎 Download the full report HERE

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The Corporate Bond Market Report is a monthly publication by FiinGroup, designed to provide an overview of Vietnam’s corporate bond market developments. 

Source: Data and insights are extracted from the FiinPro-X platform. Learn more or request a free trial at: https://fiinpro.com/fiinpro-x