Successful corporate bond issuances in December recorded total value of over VND16.7 trillion ($695 million), according to the MB Securities Joint Stock Company.

The figure was down 57 per cent month-on-month but up three-fold year-on-year.

The total value of corporate bond issuances for the year as a whole was therefore estimated at VND268 trillion ($11.16 billion), a year-on-year decline of 1 per cent.

The banking sector posted the highest amount, with VND138.3 trillion ($5.76 billion), accounting for 51 per cent, followed by the real estate sector with VND77.1 trillion ($3.2 billion), or 29 per cent.

As of December 22, the State Treasury had issued government bonds worth over VND296.6 trillion ($12.3 billion), or 74 per cent of the annual target.