Vietnam Corporate Bond Market August 2025 - Real Estate surges as the Non-bank sector drives corporate bond issuance growth

FiinGroup is pleased to present the Vietnam Corporate Bond Market Report – August 2025, offering a comprehensive analysis of key developments in the corporate bond market. 

Key Highlights from the Report: 

• The total outstanding value of CBs was approximately VND1,330 trillion, down -1.5% MoM - the first decline since April 2025, as new issuances failed to offset the volume of bonds maturing and repurchased early. 

• New issuance rebounded to VND60.6 trillion (+33% MoM), driven by private placements. The Real Estate sector dominated with VND15 trillion from Vinhomes. Public offerings remained active, highlighted by CII’s VND2 trillion tranche. 

• Early buybacks surged to VND45.8 trillion (+84% MoM), with the Non-bank sector spiking sharply (+402% MoM), particularly in Real Estate, Travel & leisure, and Food & Beverage. 

• Secondary market activity declined further, with an average daily trading value of VND5.8 trillion, down -6.3% MoM. Short-term bonds (1–3 years) in the Banking and Real Estate sectors remained the most actively traded. 

• Repayment pressure eased in October, with estimated bond payments (principal and interest) of VND21.7 trillion - the lowest since June 2025. Over the last four months of the year, total maturities are projected at VND108.9 trillion, with December alone accounting for over VND45.1 trillion, primarily from the Real Estate sector. 

In August 2025, Real Estate sector accelerated new bond issuances. 

👉 DOWNLOAD THE FULL REPORT HERE 

----------------------------------------------------------------- 

The Corporate Bond Market Report is a monthly publication by FiinGroup, providing investors and institutions with a comprehensive overview of Vietnam’s bond market.:   

📊 Source: Data for the Corporate Bond Market Report is derived from the FiinPro-X platform.  

👉 Learn more and explore a trial of FiinPro-X at: https://fiinpro.com/fiinpro-x