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Vietnam Bond Market

Name: Vietnam Bond Market
Creator: Vietnam Bond Market Association (VBMA)
License: https://creativecommons.org/licenses/by/4.0/

Monthly Vietnam bond market data compiled by VBMA (HNX, SSC), structured by PRIMARY MARKET (issuances) and SECONDARY MARKET (trading) for both Government bonds (Government bonds, by maturity; Outright/Repo) and Corporate bonds (Corporate bonds: private placement/public offering, by sector, buybacks, defaults).

Source: Vietnam Bond Market Association (VBMA)Last updated: Sep 04, 2026, 01:26Curated by Bui Thanh PhucAbout this data ↓

UnitVND billion

Indicator	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023	07-2023
Primary Market (Issuance)6
GGB — Total issuance value7		23,375	33,630	45,455	19,560	34,495	26,046	64,581	23,490	27,740	16,975	11,465	25,860	30,473	18,050	42,427	65,329	29,129	15,982	7,369	20,760.5	30,575	33,374	45,283	36,512	29,471	24,056	22,746	32,550	28,170	19,509	14,470	19,650	14,475	19,370
GGB — 3-year maturity		205	150	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0				0	0
GGB — 5-year maturity		9,050	15,000	2,565	140	0	500	2,800	4,380	8,497	1,150	350	400	8,300	1,500	10,000	4,100	0	100	2,400	3,200	4,520	700	1,200	1,500	1,500	10,000	9,000	5,000	6,000				3,450	1,935
GGB — 7-year maturity		0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	395	0	0	0	0	0	400	0	0	0	0	0	0
GGB — 10-year maturity		13,520	18,250	41,660	19,320	34,495	24,696	61,729	19,110	18,115	15,730	9,950	21,656	20,640	15,132	30,640	60,523	28,060	12,816	2,700	16,000	23,859	22,150	28,570	29,942	26,090	8,660	6,216	14,095	12,000	7,328	6,490	8,000	6,000	8,250
GGB — 15-year maturity		175	200	1,200	100	0	850	0	0	1,080	0	1,105	2,900	1,410	1,035	1,660	380	300	2,360	0	0	750	8,550	14,903	3,450	1,700	2,755	5,480	13,055	10,000	5,216	5,350	8,000	5,000	8,750
GGB — 20-year maturity		0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	500	0	0	0	0	510	1,550	0	800	2,000	0	170	1,000	0	0	0	0
GGB — 30-year maturity		425	30	30	0	0	0	52	0	48	95	60	904	123	383	127	326	769	206	2,269	1,560.5	1,446	1,579	100	70	181	1,841	50	0	0	2,215	2,030	2,750	25	435
Corporate bonds — Total issuance value2	17,644	43,876	40,262	36,235	16,310	3,381	3,711	62,438	19,608	57,192	23,703	45,689	29,943	86,953	46,771	34,067	10,699	0	5,554	57,593	24,388	21,478	23,802	48,995	31,782	42,147	16,695	13,940	8,745	1,165	3,650	42,806	27,468	20,826	13,865	25,055	12,680
Corporate bonds — Private placement	12,339	40,376	36,263	35,235	11,616	80	190	58,667	19,608	54,893	23,204	39,357	27,294	86,953	46,771	30,067	500	0	0	56,793	24,388	19,678	22,334	37,995	31,387	40,147	16,695	13,940	8,745	1,165	1,650	42,806	27,468	20,826	13,865	25,055	5,180
Corporate bonds — Public offering	5,305	3,500	3,999	1,000	4,695	3,301	3,521	3,771	0	2,299	499	6,332	2,649	0	0	4,000	10,199	0	5,554	800	0	1,800	1,469	11,000	395	2,000	0	0	0	0	2,000		0	0	0	0	7,500
TPDN — Phát hành theo nhóm ngành9
Banks	12,005.4	23,070	27,398.82	15,100	4,694.6	3,301.18	2,221.5	34,404.2	11,317.4	22,714.41	17,614.2	23,573.4	24,899.38	71,701.1	28,716	21,100	5,199		5,254.38	28,097.6	18,399.9	9,961.6	17,152.05	42,608.5	27,700.1	38,470	9,945	7,800				37,155.6	11,092.8	10,050	9,500	11,800
Real estate	5,000	11,649	7,180	19,935	10,195.5	79.5	190	7,140	5,130	32,530	3,910	17,640	2,245	12,922	10,504.5	12,000				20,930	2,880	896	5,400	4,840	3,762	1,800	6,200	6,000	7,750		2,000	2,300	2,000	7,146	3,000	11,655
Securities	119			1,000	970			300		1,360	500	750		500	500	500	5,500		300			400	150		20	260	300		500			250
Finance		350	1,000		450		300		1,516	180		400	315	1,300	1,250	150				1,630	2,300	70		1,246		1,617	50					1,000	1,000	1,000
Industrials	520							2,190	1,645		1,000		1,000		5,300					3,500		8,000										900	8,680		165
Energy			2,103					640				325											900	200										2,230
Construction		2,500										2,000	300	320						900	108	200			300		200			550	1,200		1,495
Consumer		5,907						260		408	499.3		884							2,435	500	150	200					140	495	115
Other		400	580	200				280			180		560			317.2				100	200												1,500
GGB — Bidding success rate		34.4	49.1	46.6	36.2	66.3	42.7	77.8	43.5	41.1	31.4	23.9	49.7	61.6	44	66.3	85.4	57.7	49.2	21.7	50	52.7	66.5	79.8	56.6	68.5	49.6	46.4	65.1	95.5	50	68.9	86.4	66.6	89.1
GGB — Average winning interest rate			4.09												3.02	2.84				2.63			2.73	2.76	2.74	2.71
Corporate bonds — Early redemption	8,945	58,397	19,780	16,663	6,298	1,749	384	35,820	11,144	9,948	19,509	27,032	16,054	39,265	15,858	10,318	5,430	2,592	5,661	27,458	6,204	12,772	11,749	11,023	32,094	13,336	9,178	12,001	8,031	2,056	7,394	32,677	8,754	13,645	9,249	17,489	20,533
Secondary Market (Trading)3
GGB — Total trading value2		305,218	299,216	321,168	379,708	218,517	340,543	298,148	252,572	387,889	335,428	390,362	361,337	337,715	278,332	250,254	347,780	266,959	177,080	335,573	286,589	274,828	258,105	243,159	262,765	286,299
GGB — Outright transactions		305,218	222,535	210,691	278,081	161,844	272,727	246,269	203,055	280,583	240,613	296,861	235,718	246,250	193,813	169,374	238,880	178,226	129,618	249,399	204,672	179,412	147,272	150,112	145,242	191,551	142,213	90,117	162,412	87,763	149,885	225,101	113,142	89,258	109,658
GGB — Repo transactions		82,228	76,681	110,477	101,627	56,673	67,816	51,879	49,517	107,306	94,815	93,501	125,619	91,465	84,519	80,880	108,900	88,733	47,462	86,174	81,917	95,416	110,833	93,047	117,523	94,748	85,818	84,441	81,660	62,040	51,423	55,694	21,178	22,677	31,630
GGB — Foreign investors net buying		721	-136	-10	88	-1,074		-19	298	281	-676	869	205	340	284	-523
Corporate bonds — Trading value1	168,482	168,576	120,129	131,020	151,283	63,184	108,730	176,770	110,470	101,755	150,766	109,288	132,027	129,040	111,260	100,470	120,858	73,491	80,128	131,786	95,357	121,223	87,768	72,740	84,406	99,467	97,581	68,406	91,120			280,795
Corporate bonds — Average per session		7,662	6,006	6.55	6,877	4,212	5,437	7,686	5,524	4,424	7,538	5,204	5,740	6,145	5,563	5,023	5,755	3,675	4,713	5,990	4,541	5,271	4,619	3,294	3,670	4,973	4,435
Corporate bonds — Principal/interest payment default	3,009	3,000	125	120	2,205	490	746	110	287	714	150	313	881	5,224	306	10.3	660	39	0	80.3	151.4	2,658	550.4	1,195.5	3,392	980	8,781	47	4,851	6,213	8,432	545.7		1,006

Latest reading

Corporate bonds — Total issuance value stood at 17,644 VND billion in Jul 2026. That is −59.8% from Jun 2026 and −41.1% from a year earlier. The series on this page is monthly and runs from Jan 2019 to Jul 2026. Source: Vietnam Bond Market Association (VBMA).

Latest: 17,644 VND billion; Jul 2026
vs previous period: −59.8%; Jun 2026
vs a year earlier: −41.1%