The total value of corporate bond issuances in Vietnam in the first five months of 2025 reached VND120.68 trillion ($4.6 billion), according to a report from the Vietnam News Agency.

Of the total, public offerings accounted for VND27.9 trillion ($1.06 billion) and private placements made up the remaining VND92.78 trillion (3.54 billion), according to the Vietnam Bond Market Association (VBMA).

Total bond issuances by Vietnamese banks are estimated at VND81 trillion ($3.1 billion), marking a 3.3-fold increase year-on-year, and accounting for 67.1% of the total issuances, reflecting a robust demand for financing in the banking sector.

Meanwhile, real estate bonds accounted for only 20.8%. The real estate sector has seen a decline, issuing only VND25.1 trillion ($958 million) in bonds, down 13.6% year-on-year.