Corporate bond issuance in the first quarter of the year reached VND25 trillion ($957 million), down 12% year-on-year, according to the latest report from VIS Rating.

The period saw a strong increase in public offerings, while private placements sharply slowed.

There were two private placements valued at VND2 trillion ($77.02 million). Meanwhile, public offerings amounted to over VND23.13 trillion ($886 million), up 68% year-on-year, marking a record high over the past five years.

The total value of outstanding corporate bonds was over VND1.26 quadrillion ($48.3 billion), increasing 4.9% year-on-year. The banking sector accounted for the largest proportion with 41.7%, followed by the real estate sector with 30.3%.