This monthly report summarizes our observations and analysis of the key developments in the corporate bond market over the past month
In August 2024, we observed one new bond default totaling VND 450 billion from a real estate-related issuer. The cumulative default rate as of the end of August 2024 was 14.9% continuing the decline trend from Q1 2024. New issuances in August 2024 amounted to VND 57.7 trillion, contributing to the total new issuances year-to-date of VND 280 trillion. The market turnover declined to 6% of outstanding bonds from 7% in prior month.
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