CORPORATE BONDS WORTH OVER VND122.5 TRILLION DUE IN H1

A chart shows corporate bond payment obligations rising sharply in 2026, with total principal and coupon due in the first half estimated at VND122.5 trillion, about 1.5 times higher than the same period in 2025 – SOURCE: FIINPRO-X PLATFORM

HCMC – More than VND122.5 trillion in corporate bond principal and interest payments will fall due in the first half of this year, up 49.2% year-on-year, according to FiinGroup.

Payment pressure is expected to rise from March and through the second quarter. Banks account for VND15.1 trillion of the total, up 33.2%, while non-bank issuers account for VND107.5 trillion, up 51.8%.

Non-bank maturities alone are estimated at VND76.1 trillion in the first half, up 91.6% from a year earlier. Real estate makes up the largest share at 68.8%, or about VND52.4 trillion.

In April, total bond payment obligations are projected at VND23.3 trillion, up 18.6% from March. Real estate issuers are expected to account for about VND16 trillion, including around VND13.7 trillion in maturing principal. Coupon payment pressure in the sector is trending lower.

As of March 9, issuers had repaid VND16.8 trillion in principal and coupon, equivalent to 5.2% of total expected bond obligations for 2026, FiinGroup data show.

April maturities alone are estimated at VND16.9 trillion, up 37.5% from March and 3.4 times higher than a year earlier. Real estate bonds are projected at around VND13.7 trillion.

Disclosure data for February showed 26 bond issues from 12 issuers undergoing restructuring or recording delays in principal or coupon payments.

Issuance remains limited. In the first two months of the year, total bond sales reached VND8.5 trillion, up 7% year-on-year, mainly from banks. Real estate firms issued VND270 billion over the period.

Separately, VIS Rating reported that the delayed-payment rate fell to 1.3% in 2025 from 12.2% in 2023. New delayed payments were concentrated among real estate issuers with prior defaults, reflecting continued constraints in cash flow and profitability during restructuring and project restarts.

Source: The Saigon Times

Related News

VIETNAM ECONOMY INVESTMENT

AGRICULTURAL, FORESTRY AND FISHERY EXPORTS REACH NEARLY $49.3 BILLION AFTER EIGHT MONTHS

Asia remained Việt Nam’s largest export market, accounting for 45.5 per cent of total market share, with exports to the region increasing 11.3 per cent year on year. Việt Nam’s agricultural, forestry and fishery exports totaled nearly US$49.3 billion in the first eight months of this year, up 7 per cent year on year, maintaining growth momentum despite divergent trends among major product groups.

Sep 09, 2026

BANKING / FINANCE / INSURANCE / TAX

BANK DEPOSITS OVERTAKE CREDIT GROWTH IN LATE AUGUST

Vietnamese đồng deposits at banks grew faster than credit by late August, reversing a trend seen earlier this year and easing some short-term liquidity pressure, although banks continue to face high funding costs amid strong demand for loans. Speaking at the Government’s regular meeting, Trần Quốc Phương, deputy minister of finance, said that as of August 22, Vietnamese đồng deposits at credit institutions had increased 8.77 per cent from the beginning of the year, slightly exceeding the 8.38 per cent growth in Vietnamese đồng lending.

Sep 09, 2026

VIETNAM ECONOMY INVESTMENT

FOREIGN CAPITAL SEEKS STRONGER FOOTHOLD IN VIỆT NAM THROUGH M&A

Foreign investors carried out 1,815 capital contribution and share purchase transactions in Việt Nam in the first seven months of 2026, with total capital exceeding $6.5 billion. While the number of transactions fell 8.4 per cent year-on-year, their value rose 61.6 per cent. Rather than investing from scratch to build new production facilities, many foreign investors are choosing to acquire stakes in existing Vietnamese companies as a faster way to establish a foothold in the market.

Sep 09, 2026

GARMENT / TEXTILE

MANUFACTURING PRODUCTION RISES AT FASTEST PACE IN JUST OVER TWO YEARS

Growth in the Vietnamese manufacturing sector continued to strengthen midway through the third quarter of the year. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.3 points in August, up from 52.9 points in July and above the 50.0 no-change mark for the fourteenth consecutive month. The latest strengthening of business conditions in the sector, as revealed on September 3, was the most pronounced since February.

Sep 09, 2026

TECHNOLOGY

TECHNOLOGY, INNOVATION DRIVE CHEMICAL INDUSTRY TOWARDS HIGHER-VALUE GROWTH

Technological innovation, automation and digital transformation are becoming central to the chemical industry as companies seek to move towards higher-value products, strengthen domestic technological capabilities and pursue greener, more sustainable production. The shift is being accelerated by Politburo Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, alongside Việt Nam's chemical industry development strategy to 2030 with a vision to 2040.

Sep 09, 2026

VIETNAM ECONOMY INVESTMENT

FDI INFLOWS RISE 55.4 PER CENT ON YEAR

According to the Foreign Investment Agency under the Ministry of Finance, total foreign direct investment (FDI) registered in Vietnam reached $40.63 billion as of August 31, up 55.4 per cent year-on-year. All three components – newly registered capital, additional capital injected into existing projects, and foreign investors’ capital contributions and share purchases – recorded increases.

Sep 09, 2026