Research and News

May 2025 Bond Spotlight: Strong rebound in primary market issuance and initial market recognition of benefits from Greenium

13/06/2025

Vietnam’s corporate bond market witnessed strong growth in May 2025, with total issuance value reaching VND 54.5 trillion—up 11.7% month-on-month—driven primarily by credit institutions. FiinRatings’ latest Monthly Bond Spotlight report provides a comprehensive market overview, highlights active developments in the secondary market, and explores the initial benefits from Greenium in Vietnam.


April 2025 Bond Spotlight: Balancing Against Interest Rate Pressure and Corporate Challenges from Tariff Threats

21/05/2025

The corporate bond market in April witnessed a notable recovery of non-bank issuers after a prolonged period of absence, with total issuance reaching VND 13.2 trillion—driven primarily by enterprises in the Real Estate and Commercial Services sectors.


March 2025 Bond Spotlight: Absence of New corporate bond issuances by Non-Financial Enterprises in the first Two months of 2025

28/03/2025

In the first two months of the year, the corporate bond market had a slow start, with only four issuance rounds recorded. Issuance activity, primarily driven by credit institutions, accounted for 94.6% of the total issued value. Notably, non-financial enterprises were completely absent from the market during this period, with no new issuances recorded. 


BondXpress 2024 Review and 2025 Outlook: Anticipating Breakthroughs from Non-Bank Bonds Driven by New Policies

06/02/2025

The corporate bond (C-bond) market in 2024 saw improvements in both issuance value and volume, primarily driven by credit institutions. The year also witnessed notable developments, reflecting the gradual enhancement of product quality. Furthermore, new regulations for both private placements and public offerings are expected to improve credit quality and foster investor confidence in the market. 


BondXpress November: More Diverse Issuance Structure and the Emergence of Green Bonds

27/11/2024

The corporate bond market in November recorded a more diverse issuance structure by sector. Meanwhile, the supply of privately placed corporate bonds could be significantly impacted in the near future if the Draft Amendment to the Securities Law is approved. Additionally, the market has witnessed the issuance of some green bonds by non-financial issuers this year.