Corporate bond issuance soars in comparison to 2023

By Hoài Anh/Thanh Thuy

15:42 | 13/07/2024 Finance Follow english.haiquanonline.com.vn on

VCN - According to the Ministry of Finance, from the beginning of the year to June 21, 2024, 41 enterprises have issued private corporate bonds with a total value of VND 110.2 trillion.

Corporate bond issuance in the first 6 months of 2024 is 2.6 times higher than the same period in 2023. Source: Internet

This figure is 2.6 times higher than the same period in 2023, of which credit institutions account for 63.2% (equivalent to VND 69.6 trillion) and real estate enterprises account for 28.6% (equivalent to VND 31.5 trillion).

Institutional investors purchasing corporate bond on the primary market account for 94.8% of the issued volume, concentrated on credit institutions (53.5%) and securities companies (21.9%); individual investors (5.2%).

The average corporate bond issuance rate is 7.41%/year and the average issuance term is 3.78 years; 14.5% of bonds issued have a guarantee clause. The volume of early repurchase is VND 59.8 trillion (down 39% compared to the same period in 2023).

By Hoài Anh/Thanh Thuy

Tags:

Related News

Ministry of Finance directs to strengthen fight against smuggling, trade fraud and tax evasion

09:58 | 05/09/2024 Anti-Smuggling

VCN - The Ministry of Finance's Steering Committee 389 has just directed the General Department of Customs, the General Department of Taxation and the Ministry of Finance Inspectorate to strengthen the fight against smuggling, trade fraud and tax evasion.

Industrial real estate - "Magnet" attracting foreign capital

09:01 | 07/09/2024 Import-Export

VCN - Looking back at the development journey over the past 30 years, it can be affirmed that the model of industrial parks and economic zones has been playing an important role, as a driving force for growth and the process of industrialization and modernization of the country; a channel to attract investment resources, especially foreign direct investment (FDI), contributing to improving the business environment and enhancing competitiveness, ensuring sustainable development.

Amending the law to unblock and effectively use public property

08:26 | 02/09/2024 Finance

VCN - Amending and supplementing the Law on Management and Use of Public Property will strengthen decentralization, simplify administrative procedures, increase initiative and self-responsibility for grassroots units to perform assigned tasks. Along with that, decentralization will be linked with increased inspection and supervision by competent agencies.

Perfecting the law on management and use of public property

14:48 | 27/08/2024 Regulations

VCN - At the conference of collecting feedbacks of ministries and localities on amending and supplementing the Law on Management and Use of Public Property held by the Ministry of Finance on August 26, delegates proposed amendments to increase efficiency and autonomy in the management and use of public property.

Latest News

Continue to publicly disburse public investment capital, many key projects have low rates

09:01 | 07/09/2024 Finance

VCN - The Ministry of Finance continues to publicize the disbursement rate of public investment capital plans of many key projects, notably that many projects and component projects have very low disbursement rates.

Public investment disbursement rate in 8 months reaches about 40.5% of the plan

09:13 | 06/09/2024 Finance

VCN - The low disbursement rates of some localities that have large disbursement plans, have greatly affected the overall disbursement rate of the whole country, the Ministry of Finance released.

State revenue in 8 months increased by about 18%

16:16 | 05/09/2024 Finance

VCN – In the first eight months of the year, the accumulated state revenue is estimated to increase by 17.8% year-on-year to VND1,335.6 trillion, meeting 78.5% of the estimate.

Challenges of collecting e-commerce tax losses

14:27 | 04/09/2024 Finance

Digital transformation is an inevitable trend that changes the way goods and services are consumed and supplied, especially activities on digital platforms, making tax management more complicated.

More News

Green finance brings both new opportunities, challenges to Vietnam: Experts

19:39 | 03/09/2024 Finance

The promotion of green and sustainable financial development has created both new opportunities and challenges for the financial system in Vietnam, according to experts.

Vietnam has 4 enterprises providing credit rating services

09:28 | 03/09/2024 Finance

VCN - The Ministry of Finance said that, according to the provisions of Decree No. 88/2014/ND-CP, enterprises providing credit rating services must be granted a Certificate of eligibility to provide credit rating services by the Ministry of Finance.

Banks minimize costs, optimize profits

19:05 | 02/09/2024 Finance

VCN - In the first months of the year, banks' ability to optimize costs has improved significantly, especially when many banks have actively transformed digitally and cut costs in the context of a difficult economy.

Pressure on exchange rate plunges

18:02 | 01/09/2024 Finance

VCN – The State Bank of Vietnam (SBV) has taken measures including intervening in the foreign exchange market and tightening liquidity to reduce pressure on the Vietnamese dong exchange rate.

Corporate bond trading floor develops strongly after one-year operation

17:59 | 01/09/2024 Finance

VCN - After nine-month preparation, the centralized trading system of privately placed corporate bonds has officially run at the Hanoi Stock Exchange (HNX) on July 19, 2023. After one-year operation, the system has operated safely and smoothly, the scale of privately placed corporate bond trading market has developed strongly, along with the improvement of the placement of private corporate bond in the primary market.

Closely and effectively managing State fund

08:56 | 31/08/2024 Finance

VCN - Following the socio-economic management policies and the state budget estimate for 2024, the State Treasury has managed the state fund proactively, publicly and effectively, thereby ensuring the state budget balance.

New eTax Mobile application 3.2.0 officially launched

08:56 | 31/08/2024 Finance

VCN – The General Department of Taxation has launched the latest version of the eTax Mobile application 3.2.0, which simplifies tax payment process, provides many outstanding utilities to help taxpayers use more quickly, easily and safely.

Vietnam and Japan promote cooperation

19:30 | 30/08/2024 Finance

VCN - On August 28, Deputy Prime Minister and Minister of Finance Ho Duc Phoc had a working session with the Japanese Senate delegation led by Mr. Nakanishi Yusuke, Senator of the Liberal Democratic Party.

Crypto Assets should be managed rather than prohibited

19:29 | 30/08/2024 Finance

VCN – The issuance of legal regulations related to crypto asset management contributes to protecting investors, enhancing tax collection capabilities and improving the ability to control money laundering activities, according to experts.

Your care

Latest Most read

Continue to publicly disburse public investment capital, many key projects have low rates

09:01 | 07/09/2024 Finance

The Ministry of Finance continues to publicize the disbursement rate of public investment capital plans of many key projects, notably that many projects and component projects have very low disbursement rates.

Public investment disbursement rate in 8 months reaches about 40.5% of the plan

09:13 | 06/09/2024 Finance

VCN - The disbursement for the Socio-Economic Recovery and Development Program is VND 4,931.4 billion (reaching 79.32% of the plan assigned by the Prime Minister), the National Target Program is VND 13,812.4 billion (reaching 50.74% of the plan assigned b