The corporate bond market continued its robust recovery with an average transaction value of VND11.54 trillion (US$453.5 million) per session, up 77% compared to the previous year.

The resurgence of green, social and sustainable bonds in Vietnam is a notable highlight in 2024, as the market evolves with more diverse bond issuances.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued VND2 trillion worth of green bonds, the first of its kind, to support eco-friendly projects.

Simon White, President of the Australia-Vietnam Business Council in Queensland, on October 8 said the Australian state places importance on Vietnam – its fifth largest export market, and hopes for stronger cooperation with businesses and localities of the Southeast Asian nation.

VOV.VN - Vietnamese Minister of Finance Ho Duc Phoc is paying a working visit to Australia from July 31 to August 3 in an effort to increase financial cooperation between the two countries.

The International Finance Corporation (IFC) is providing a US$150-million financing package to Southeast Asia Commercial Joint Stock Bank (SeABank) to boost a viable blue finance market, foster green bonds, and support smaller businesses.

VOV.VN - Minister of Finance Ho Duc Phoc expressed Vietnam’s desires to enhance finance cooperation with Australia, Japan and Singapore during his separate meetings with financial leaders of the three countries on the sidelines of the APEC Finance Ministers’ Meeting 2023 in San Francisco, USA, on November 12.

VOV.VN - The Ministry of Finance of Vietnam and major Vietnamese commercial banks will make efforts to promote and support investment plans of Belgian enterprises in Vietnam.

Green bonds are an innovative tool for businesses to mobilise financing from the private sector such as banks, financial institutions, and especially foreign capital.

Vietnam ranks second in green bond issuance in the Association of Southeast Asian Nations (ASEAN), according to the ASEAN Sustainable Finance – State of the Market 2021 report recently released by Climate Bonds Initiatives (CBI) and HSBC.