More than VND40 trillion (US$1.89 billion) worth of corporate bonds were issued last year, four times the value of the previous year's issuance, news website thoibaokinhtesaigon reported.
The figure is certain to be even higher since details of some issuances are not publicly known and Vietnam's largest shopping mall owner, Vingroup Joint Stock Co., issued dollar bonds worth some $200 million.
Among the major issues were by the Vietnam Infrastructure and Property Development Group Corporation, which sold VND7.6 trillion worth, state mining group Vinacomin (VND7.5 trillion), VPBank (VND4.5 trillion) and Bank of Investment and Development of Vietnam (BIDV) and Vingroup, (both around VND3 trillion).
The bonds carry coupon rates of 9.8 percent to 15.5 percent and maturity of two to five years.
The Asian Development Bank's latest quarterly report on Asian bonds said Vietnam's bond market grew at the fastest rate in the region in the first three quarters of last year, rising by 18.8 percent year-on-year year to nearly $25 billion.
Government bond issues were up 24.8 percent at $24 billion.
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