The value of newly issued corporate bonds plummeted nearly 50 percent to VND20.37 trillion ($874.24 million) in November from October.
The corporate bond market has cooled down somewhat as the Covid-19 outbreak is being brought under control, gradually. The government has asked relevant ministries and sectors to inspect the issuance and use of corporate bonds, especially those issued by real estate companies.
A total of VND495 trillion ($21.5 billion) was raised through 826 corporate bond issuances in the first 11 months of this year, says the Vietnam Bond Market Association.
Of these, 95 percent were private offerings with total value of VND468.85 trillion.
Real estate firms raised over VND187 trillion, or roughly 38 percent of the total, and the banking sector, VND169 trillion, or 34 percent. Most of the corporate bonds have a maturity period of 2-4 years, the association said.
Other sectors with big corporate bond values included securities, consumer services, construction, energy and agriculture.
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