Vietnam Corporate Bond Market July 2025: A Temporary Pause Before the Next Turning Point ?

The corporate bond market showed signs of cooling after several months of strong recovery, marked by a notable decline in new issuance and early buyback activities. Meanwhile, public offerings have resumed after a two-month hiatus. 

FiinGroup is pleased to release the Vietnam Corporate Bond Market Report – July 2025, featuring key highlights as follows: 

• CB market growth slowed significantly: The total outstanding value of CBs reached nearly VND1,350 trillion as of end-July 2025, rising only +0.3% MoM - a notable deceleration compared to the 2.3% - 3.7% monthly growth rates seen in the prior three months. 

• New issuance activity cooled, primarily due to a decline in private placements - the main factor behind the market’s slower expansion. In contrast, public offerings showed signs of recovery after a two-month hiatus. 

• Early bond buyback activity subsided, following a strong surge in Q2. 

• Maturity pressure is building toward year-end, with a concentration of maturities in December, mostly stemming from the real estate sector. 

📄 Download the full report HERE

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

📊 Source: Data and insights from the Bond Report on FiinPro-X – Vietnam’s leading financial information and analytics platform. 

👉 Explore & experience: https://fiinpro.com/fiinpro-x