Macro/ Strategy

Main points

•Bond issuance activity was getting busier in the second half of 2023

•The real estate and banking sectors continue to account for the majority of the value of outstanding bonds in the Vietnamese market as of November 25, 2023

•Issuing interest rates have been adjusted downward compared to the high level of the first half of 2023

•Corporate bond issuance activities of credit institutions are bustling again as many banks want to improve their medium and long-term capital sources

•Businesses continue to take advantage of Decree 08/2023/ND-CP to extend bond repayment time to the 2024-2025 period. Real estate businesses still account for the majority of decisions to change bond maturity