The National Assembly on Tuesday morning heard the Government report on a draft law amending several points of seven laws, including the Law on Securities, on Accounting, on Independent Audit, on the State Budget, on Management and Use of Public...
For the remainder of 2024, nearly VNĐ78.9 trillion worth of bonds is set to mature, with approximately 43.5 per cent of them from the real estate sector.
Recent reports suggest a decline in Việt Nam’s green bond issuance, with only around VNĐ3 trillion in the first ten months of 2023 compared to VNĐ37 trillion in 2021.
ASEAN markets recorded $19.1 billion of sustainable bond issuance last year, accounting for 7.9 per cent of aggregated issuance in ASEAN+3 sustainable bond markets.
In the latter half of the year, bond issuance is expected to rise with economic momentum, real estate recovery, and easing constraints in the corporate bond market.
The corporate bond market has remained stagnant in the first few months of 2024 due to a series of scandals and legal issues, particularly the arrest of the chairwoman of Vạn Thịnh Phát at the end of 2022.
In addition to simplifying issuance regulations, experts also said that a comprehensive solution is needed to remove legal barriers and develop investor bases.
The bond market experienced a noticeable improvement in the latter half of 2023, but businesses still face challenges when it comes to issuing bonds in 2024.
Significant efforts have been made to enhance the safety, health, and transparency of the corporate bond market, said Nguyễn Hoàng Dương from the Ministry of Finance.
According to assessments from regulatory authorities, firms have recently suffered liquidity issues, potentially resulting in delays in principle and interest payments for corporate bonds.
The market may enter a new cycle. However, the quality of newly issued bonds needs to be carefully observed, especially companies established solely for the purpose of raising capital.