The corporate bond market is "warming up" and recovering. (Photo: VNA)
Hanoi (VNA) - The corporatebond market is "warming up" and recovering thanks to effective supportpolicies, according to insiders.
After several businesses violating bondissuance were prosecuted in 2022, this market almost froze in the fourthquarter of 2022 and the first quarter of 2023, and only started to becomeactive again from June.
According to VNDIRECT Securities JointStock Company, private corporate bond issuance activities remain quite busy in December.
Data released on December 22 showed thatthere had been 25 successful private corporate bond issuances in the month, witha total value of more than 16.48 trillion VND (677.6 million USD). This is down 54.1% month-on-month,but up 3.1 times compared to that in the same period last year.
From the beginning of this year to December22, the total value of private corporate bond issuance reached 249.21 trillionVND, equivalent to that in the same period last year.
In December, the banking sector has postedthe largest private corporate bond issuance value, with 13.2 trillion VND,accounting for nearly 81% of the total issuance value, followed by the realestate sector with a total issuance value of about 2 trillion VND, or 12.1%.
Nguyen Hoang Duong, deputy director of theBanking and Financial Institutions Department under the Ministry of Finance,said that the market started to see positive signs from June, after theGovernment issued Decree 08/2023 suspending the implementation of a number ofregulations of Decree 65/2022 on private corporate bond offering and trading.
The Government and the Prime Minister havealso made drastic instructions in areas related to this market. These include perfecting the legal framework and maintaining macro-economic stability, as well as markets related tothe bond market such as real estate and credit, he added./.
Following the recent launch of the privately-placed corporate bond trading system, Minister of Finance Ho Duc Phoc has said if transparency and safety are ensured, privately-placed corporate bonds will effectively prove their role in mobilising capital for businesses.
The Government bond (G-bond) market has affirmed its role as an effective and safe capital mobilisation channel for the State budget, and serves as a reference market for interest rates in financial and commodity markets, said insiders.
The corporate bond market has recovered significantly in recent months after the shocks caused by violations in issuance of several real estate developers.
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The corporate bond market is "warming up" and recovering. (Photo: VNA) 
