越南的公司债券市场在透明度和规模上有所增长, 98% 的发行现在是公开的, 2 月没有违约, Vietnam's corporate bond market grew in transparency and size, with 98% of issuance now public, no defaults in February, and reforms boosting investor confidence despite rising debt pressures.

越南的公司债券市场正在转向更大透明度和公开发行, 公开发行的股票在2026年初占每月交易量的98%. Vietnam's corporate bond market is shifting toward greater transparency and public issuance, with public offerings now making up 98% of monthly volume in early 2026. 要求对公债和私人投资提供抵押品进行信用评级,从而提高市场的专业性. New regulations require credit ratings for public bonds and collateral for private placements, boosting market professionalism. 公司发行人数量在2025年底上升至137家,而总债务额达到556亿美元. The number of rated corporate issuers rose to 137 by end-2025, and total outstanding bonds reached $55.6 billion. 尽管债务服务压力不断增加,到2026年上半年还需偿付49亿美元的债务,但2月份房地产公司没有新增逾期支付,42%的拖欠被记录在内. Despite rising debt service pressures—$4.9 billion due in H1 2026, 42% from real estate—no new late payments were recorded in February, with restructuring replacing defaults. 银行业仍占主导地位,持有49%的债券,而房地产市场份额下降至26%,因为国会减轻了负担. The banking sector remains dominant, holding 49% of bonds, while real estate’s share declined to 26% amid deleveraging. 虽然二次市场流动性每天下降至1.68亿美元, 但改革旨在增强投资者的信心和减少对银行信贷的依赖. Secondary market liquidity dipped to $168 million daily, but reforms aim to strengthen investor confidence and reduce reliance on bank credit.