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In the first quarter of this year, the corporate bond market experienced significant growth, with the average transaction size reaching VND 9,800 billion. This was a 50% increase compared to the previous year and a 16% increase from the previous month. The bond market transaction scale in March alone reached VND 10,900 billion.
Real estate businesses led in bond issuance, accounting for more than 67% of the total, followed by construction with nearly 11%. The average issuance interest rate for corporate bonds was about 10.57% per year, and 70% of issued bonds were guaranteed by assets. Despite challenges in the market, there were relatively positive results compared to the freeze in the same period last year.
By the end of 2023, it is expected that the scale of the corporate bond market will reach 11% of GDP, with a goal to increase it to 20% by 2025 and 30% by 2030. VIS Ratings Credit Rating Company predicts a new development cycle with improved credit prospects for the corporate bond market this year, supporting businesses’ ability to repay debts and secure new financial sources.
However, there is significant pressure on bond maturity at the end of this year, with about VND
