Vietnam's Sacombank plans up to 20 trillion VND bond issuance as market reforms tighten

Sacombank's board approved a plan to sell private bonds worth a maximum of 20 trillion VND (about US$750 million) by 2026. The bank may conduct several tranches, but has not disclosed details such as maturities, interest rates, timing or investor eligibility. The move coincides with a broader strategic overhaul that includes a new brand identity and relocation of its headquarters to a central office tower in Ho Chi Minh City.

At the same time, Vietnam's government issued Decree 200/2026, a regulatory overhaul of the corporate bond market. The decree re‑emphasises that issuing firms must borrow, repay and bear responsibility for the use of proceeds, disclose risks fully, and cannot rely on state guarantees. It seeks to restore market discipline after volatility in 2022‑2024. The decree projects that corporate bond issuance will reach 539.2 trillion VND in 2025, with outstanding corporate bond debt hitting about 1.15 quadrillion VND, underscoring the sector’s growing importance for mid‑ to long‑term financing.