PM CALLS FOR MEASURES TO STABILIZE VOLATILE BOND MARKET

The increase of investment flows into industrial zones in Son La province has helped boost modernized industrial development and created a driving force for local economic and social development. Mr. Bui Van Man, Director of Son La Industrial Zones Authority, gives an interview to Vietnam Business Forum's reporter on this content.

Prime Minister Pham Minh Chinh has signed an official dispatch ordering the Ministry of Finance to take prompt action to stabilize the volatile corporate bond market.
The market for corporate bonds, especially those issued via private placement, is in a crisis and there seems to be no way out at the moment.

In a recent meeting with seven securities firms and 32 companies that issued bonds via private placement, Minister of Finance Ho Duc Phoc said more than VND53 trillion worth of corporate bonds, 39% of them issued by real estate businesses, would fall due by the end of this year. The value of corporate bonds that will reach maturity in 2023 is VND284 trillion and VND363 trillion in 2024.

Businesses find it impossible to launch new bond issues to raise funds to repay for the bonds that are to fall due soon while they cannot gain access to bank loans due to the central bank’s monetary tightening and restrictions on real estate loans.

According to the official dispatch, the ministry is tasked with taking measures to ensure the corporate bond market will operate in a transparent, safe, healthy and effective manner.

The ministry will have to assess the ability of bond-issuing companies to repay those holding their bonds, especially those falling due this year and next.

The official dispatch said the Ministry of Finance would have to work with debt issuers to ensure they will deliver on their promises of paying principal and interest in full. If difficulties arise, these issuers will have to hold negotiations with bondholders to find common ground.

The measures of the ministry should go before the Government by December 20.

Late last month, the ministry wrote to bond-issuing businesses urging them to repay principal and interest in full to bondholders, and strictly comply with regulations on disclosure of information on corporate bond issues via private placememt.

Source: The Saigon Times

Related News

MEMBER CORNER / PROMOTIONS

SAFETY IS LIFE – DISCIPLINE IS STRENGTH

At Phuc Vuong, we believe that no project is more important than human life. To us, safety is not just a slogan; it is a vital principle with no exceptions. All these efforts serve one simple goal: to ensure every colleague can work with peace of mind, and every worker returns home safe and sound after every shift. This is our highest commitment and the sustainable foundation that Phuc Vuong always upholds.

Apr 21, 2026

MEMBER CORNER / PROMOTIONS

DOING BUSINESS WITH CHINA 2.0

As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.

Apr 17, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026

In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.

Apr 16, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS

Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Apr 16, 2026