The total value of corporate bond principal due for repayment by non-banking entities in May is estimated at 11.4 trillion VND, double the amount due in April.
The total value of corporate bond issuances in September dropped significantly, by 60% from August, to the lowest figure recorded since May, a recent report showed.
The operation of a separate corporate bond trading system is necessary to develop a transparent secondary market and increase liquidity for corporate bonds.
Prime Minister Pham Minh Chinh has requested the Minister of Finance to submit measures ensuring the healthy, transparent, safe and effective operations of corporate bond market to him before December 20.
While it is urgent to tackle the liquidity problem, a fundamental solution is regaining investors’ confidence and stabilising the corporate bond market, experts said.
Appreciation should be given to the Government of Viet Nam for gradually improving the enabling regulatory framework for developing the corporate bond market which has grown rapidly in the past several years.
Capital mobilization activities of real estate businesses will face more difficulties in the short term after violations of corporate bond issuance have been discovered and handled. But in the long term, this will contribute to the healthy and sustainable development of the corporate bond market in accordance with the orientation set forth by the Government.
The total value of corporate bond issuance in February decreased sharply compared to January 2022 due to the timing and new legal regulations taking effect.