Case Study 1: How can users track the bond market trends in the final months of 2023?
Steps 1
Steps 2
**Instead of manually collecting data and reading news from multiple sources, users can simply navigate through the following tabs:**
**1. Issuance Trends**\
Use the **Overview tab** to track issuance value over time. Switching to *monthly* view shows the trend from late 2022 through the first nine months of 2023—issuance was low early in the year due to deferred repayments but rebounded strongly in later months. Switching to *yearly* view allows comparison across different years. In addition, users can break down issuance volumes by private placement or public offering, with or without collateral.
**2. Sector Statistics**\
Use the **Market Statistics tab** to identify which sectors dominate issuance. Recent activity has been concentrated in banking, real estate, and food & beverage.
Steps 3
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**3.** Looking at the **Average Issuance Coupon**, coupon rates in 2023 are consistently higher than the 2022 levels (blue bars). The rise in interest rates earlier in the year pushed up funding costs for issuers across all sectors.
**4.** At the same time, **bond maturities shortened**, shifting to shorter terms compared with the longer tenors observed in the previous year.
Case Study 2: How can users break down interest rates for the Real Estate sector?
Steps 1
Steps 2
1. Go to the **Overview tab** and select *Top Issuers*.
* Apply the Real Estate sector filter to view issuance values of real estate issuers.
2. For example, in **2025**, **Vingroup** was the largest issuer in the sector with an issuance value of **VND 20,500 billion**, an average tenor of **2.28 years**, and an average coupon rate of **12.28%**.
3. On the right-hand side, users can also download the data in Excel format to perform additional calculations if needed.
Steps 3
**Issuance Plan**
**3.** In the **Primary Market Overview**, users can view the **Bond Issuance Schedule** table on the right-hand side.
**4.** By adjusting the maturity filter, it can be seen that the largest upcoming issues include:
* **BIDV** with **VND 23,000 billion** (5-year tenor).
* **Asia Commercial Bank (ACB)** with multiple large tranches totaling **VND 20,000 billion** (5-year tenor).
* **MB Bank** planning several sizeable issues, including **VND 20,000 billion** (2-year tenor) and other tranches of **VND 6,000–4,000 billion**.
This schedule is updated daily and includes both individual deals and aggregated figures.
Case Study 3: How can users track bond buyback and maturity activities?
Steps 1
**1.** In the **Primary Market Overview**, the lower chart displays the **Outstanding Bond Value**.
Steps 2
**2.** Select the filters for the specific data you want to view — in this case, choose **Maturities** and **Buybacks**.
**3.** When switching to *yearly* view, it becomes clear that **buybacks have surged strongly since 2021**, reaching the highest levels in 2022–2023 (over VND 250,000 billion), while maturities have also increased steadily but at a lower pace. As of **2025 YTD**, buyback volumes remain high compared to new issuance.
Case Study 4: How can users track deferred bond payments?
Steps 1
Steps 2
**1.** In the **Primary Market Overview**, the right-hand panel provides the chart **Deferred Principal and Interest Payments by Sector**.
**2.** Based on the latest data, the **Travel & Leisure sector records the highest level of deferred payments**, especially in **Q2/2025**, surpassing all other industries. **Real Estate** also shows significant late payments, but ranks second
Case Study 5: How can users track the expected bond repayment cash flow?
Steps 1
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Steps 3
**1.** Go to **Primary Market → Expected Bond Repayment Cash Flow** (Bond Repayment Schedule).\
Use the toggles: **All / Sector**, **Total / Principal / Coupon**, and the **quarter/year** selectors (e.g., **Q4 – 2025**).
**2. Market-wide view (All).**\
The schedule shows large repayment waves ahead: **Q4-2025 (QTD)** is high (\~80k bil. VND), rises through **2026** (notably **Q4-2026** \~115k), and **peaks in Q2-2027** (\~140–150k), before easing into late 2027–Q1-2028.
**3. Sector view (Sector + Coupon in your screenshot).**\
Repayment pressure (coupon leg) is concentrated in **Banks** and **Real Estate**, with notable spikes in **Q2-2026** and **Q4-2026**. The **Other** bucket also pops in **Q4-2025 (QTD)** but remains below Banks/Real Estate.
**4. Drill-downs.**\
Toggle **Principal** vs **Coupon** to see which leg drives the burden, and use sector filters to pinpoint **which sector & quarter** face the heaviest pressure
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