Citing statistics from the State Securities Commission and Hanoi Stock Exchange, it said banks raised VND13.86 trillion at coupon rates ranging from 6.4 percent to 7.9 percent.

Real estates companies mobilized nearly VND8.4 trillion at 9.5-12 percent.

In the year-to-date, there have been 599 corporate bond issuances, including 582 private placements, to mobilize VND350 trillion, 14 public offerings to raise VND12 trillion, and three issuances worth $1 billion on the international market.

More issuances are planned this year, including one worth VND2.5 trillion by the Investment and Industrial Development Corporation and VND950 billion by property developer Nam Long Group.

Bank loans, especially to the property sector, have dried up and so many companies have opted for bonds, Phan Tung Lam, director of bonds and structured products at SSI Securities Corporation, told VnExpress.

Lower deposit interest rates paid by banks have led many investors to other asset classes, including corporate bonds, he added.