The corporate bond market continued its robust recovery with an average transaction value of 11.54 trillion VND (453.5 million USD) per session, up 77% compared to the previous year.
The corporate bond market has recovered significantly in recent months after the shocks caused by violations in issuance of several real estate developers.
The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance.
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.
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.