Vietnam financial markets show recovery and structural shifts

corporate bond market government bonds stock market upgrade Vietnam economy capital mobilization

Vietnam's financial markets are showing signs of activity and structural evolution. In the corporate bond market, issuances reached approximately 382.8 trillion VND in the first eight months of 2026, with banking and real estate sectors accounting for 90.9% of the total value. While the market is recovering, capital access remains highly polarized between sectors.

On the sovereign side, the State Treasury mobilized 27,756.5 billion VND through government bond auctions in August 2026, bringing the year-to-date total to 228,921.3 billion VND. Most issuances focused on 5-year and 10-year tenors.

Regarding equity markets, discussions at the ‘Viet Nam Becoming’ event highlighted the transition toward meeting international institutional investor standards following the FTSE Russell upgrade. Meanwhile, in Ho Chi Minh City, industrial and retail indicators remain positive, though the rate of business exits continues to outpace new entries. The city is also exploring ways to improve business access to interest rate support policies.