Double digit surge in corporate bond buyback

Issuance in the period, meanwhile, plunged nearly 32% to VND331.8 trillion, it added.

“Corporates are buying back the bonds they have issued before maturity, which shows how difficult the market is. Declining faith has caused major impact on the corporate bond market,” Deputy Finance Minister of Finance Nguyen Duc Chi said Thursday on the sidelines of a cabinet meeting.

Regaining investors’ faith is the most urgent task, he said, adding that in the long run, the bond market will grow sustainably.