October 2026: Corporate Bond issuance plunged in October

Vietnam’s corporate bond issuance fell sharply to VND35,585bn in October 2026 (-46.0% mom, -53.8% yoy), bringing 10M26 issuance to VND480,832bn (+16.7% yoy). Banks remained the largest issuers, accounting for 84.2% of the market (VND29,963bn), followed by real estate at 5.6% (VND2,000bn). The weighted average coupon declined to 9.3% from 9.8% in September, with banking and real estate bonds averaging 8.9% and 12.5%, respectively. Issuance concentrated in shorter maturities, with bonds of three years or less representing 74.6% of total issuance.