- Stable and predictable returns, typically ranging from 7-9% per year in Vietnam
- Lower risk compared to stock investment (price volatility only 1/3 compared to stocks)
- Partially protected by strict regulations of the State Bank of Vietnam
- Can be traded on the secondary market when liquidity is needed through securities companies
- Diverse in terms, from 1 year to 15 years, suitable for many financial goals
Pocket Option: Should You Buy Bank Bonds in Vietnam in 2025
Investing in bank bonds with attractive interest rates of 7-9% per year is becoming a popular choice in Vietnam. But is this the optimal solution for you in 2025? The article provides a detailed analysis of advantages and disadvantages, compares with other investment channels, and provides practical strategies to help you make smart financial decisions in the current economic context.
What are bank bonds and why are they of interest?
Bank bonds are debt instruments issued by banks to raise capital from investors. When you buy bank bonds, you are essentially lending money to the bank and receiving a fixed interest rate over a specified period. This is one of the traditional investment channels that many Vietnamese people are interested in, especially in the context of savings interest rates remaining low at 3-5% per year.
Should you buy bank bonds is a question that many investors ask, especially when the stock market fluctuates strongly and gold prices continuously reach new peaks. Bank bonds are often considered an investment channel with lower risk compared to stocks, but higher than savings deposits, with an average profit of 7-9% per year – an attractive rate for many conservative investors.
The state of bank bonds in Vietnam in 2025
The Vietnamese bond market has experienced many fluctuations over the past 5 years. According to data from the Hanoi Stock Exchange (HNX), the total value of corporate bonds issued privately in 2024 reached 450,000 billion VND, of which bank bonds accounted for 41%, equivalent to about 184,500 billion VND.
| Year | Total issuance value (billion VND) | Proportion of bank bonds | Average interest rate |
|---|---|---|---|
| 2021 | 500,000 | 35% | 7.2% |
| 2022 | 320,000 | 42% | 6.8% |
| 2023 | 380,000 | 39% | 7.5% |
| 2024 | 450,000 | 41% | 7.9% |
Leading Vietnamese banks such as Vietcombank, BIDV, VPBank and Techcombank continuously issue bonds with attractive interest rates, 2-3% higher than regular savings interest rates. For example, in Q1/2024, Techcombank issued bonds with an interest rate of 8.2% per year with a 5-year term, while the same-term savings interest rate only reached 5.5% per year. This has attracted thousands of individual Vietnamese investors who are looking for safe investment channels but still bring decent returns.
Advantages of investing in bank bonds
Are bank bonds safe is a question that many people are concerned about. Compared to many other investment channels, bank bonds bring the following specific advantages:
According to financial experts at Pocket Option, Vietnamese investors should consider bank bonds as part of a diversified investment portfolio, especially during periods of high volatility in the stock market like now. A Pocket Option customer, Mr. Nguyen Van T. (38 years old, HCMC) shares: “I have allocated 30% of my investment portfolio to bank bonds since 2022, and achieved a stable return of 8.1% per year – a very good result in the context of VN-Index declining 8.6% during the same period”.
| Investment channel | Average profit in Vietnam | Risk level | Liquidity |
|---|---|---|---|
| Bank savings | 4-5.5%/year | Low | High |
| Bank bonds | 7-9%/year | Medium-low | Medium |
| Securities | 10-15%/year | High | High |
| Real estate | 8-12%/year | Medium-high | Low |
| Gold | 5-8%/year | Medium | High |
Risks when investing in bank bonds
Although considered a relatively safe investment channel, do bank bonds have risks? The answer is definitely yes. Vietnamese investors need to be aware of the following potential risks before deciding to invest:
Liquidity risk
Bank bonds typically have long terms, from 3-5 years or more. If you need money urgently before maturity, selling bonds on the secondary market can be difficult or you may have to accept a price lower than the original investment value. A typical case occurred in 2022, when many Vietnamese investors had to sell bank bonds at a 5-10% discount due to liquidity pressure after the Covid-19 pandemic.
Interest rate risk
When market interest rates rise, the value of bonds you are holding will decrease. This is especially important if you need to sell bonds before maturity. For example, in 2023, when the State Bank of Vietnam raised the base interest rate from 4.0% to 4.5%, the price of 5-year bank bonds decreased by an average of 3.8% on the secondary market.
Are bank bonds safe depends very much on the financial situation of the issuing bank. Banks with high bad debt ratios and inefficient operations may have difficulties in paying interest and principal on time. Investors should carefully research financial indicators such as CAR (capital adequacy ratio), ROA (return on assets), and NPL (non-performing loan ratio) before deciding to buy bonds from any bank.
| Type of risk | Level of impact in Vietnam | Specific prevention methods |
|---|---|---|
| Default risk | Medium (higher with small banks) | Choose Top 10 banks in terms of capital size, minimum credit rating of BB+ |
| Interest rate risk | High (during 2025-2026 period) | Allocate evenly into short, medium and long-term bonds |
| Liquidity risk | Medium-high | Only invest 20-30% of total assets in bonds, keep cash reserves |
| Inflation risk | Medium (Vietnam inflation forecast 2025: 4%) | Choose bonds with interest rates at least 3% higher than inflation |
Market analysis: Should you buy bank bonds in 2025?
In the current Vietnamese economic context, the question “should you buy bank bonds” also depends on the trends of the financial market. According to forecasts by experts from Pocket Option, interest rates in Vietnam may increase slightly in 2025 as the economy continues to recover and grow strongly after the recession period.
Specifically, the State Bank of Vietnam may increase the base interest rate by another 0.25-0.5% in 2025, which could put pressure on the price of issued bank bonds. However, the large capital needs of banks to meet credit growth (expected 14-15% in 2025) will also cause them to issue bonds with more attractive interest rates, possibly up to 8.5-9% per year for 5-year terms.
In addition, the movement of the USD/VND exchange rate is also an important factor to consider when investing in bank bonds. In 2024, the Vietnamese dong has depreciated about 2.8% against the USD, and this trend may continue in 2025. This makes VND-denominated bank bonds less attractive to some investors with an international outlook, but still very suitable for domestic investors.
Do bank bonds have risks also depends on Vietnam’s macroeconomic situation. With GDP growth expected to reach about 6.7% in 2025, banks may have sufficient resources to meet bond obligations, helping to significantly reduce default risk.
| Vietnam economic indicators | 2023 | 2024 | Forecast 2025 | Impact on bank bonds |
|---|---|---|---|---|
| GDP (%) | 5.8 | 6.2 | 6.7 | Positive – Reduces default risk |
| Inflation (%) | 3.5 | 3.8 | 4.0 | Neutral – Bond interest rates still higher than inflation |
| Base interest rate (%) | 4.5 | 4.8 | 5.2 | Negative – May reduce price of issued bonds |
| USD/VND exchange rate | 23,450 | 24,100 | 24,800 | Negative – Reduces real value of VND bonds |
| Credit growth (%) | 11.5 | 13.2 | 14.5 | Positive – Banks need to issue bonds with attractive interest rates |
Effective bank bond investment strategies for Vietnamese investors
To answer the question “are bank bonds safe” comprehensively, we need to consider not only the product itself but also need an investment strategy suitable for the Vietnamese context. Below are some strategies that Pocket Option financial experts have successfully implemented for clients in Vietnam:
Investment allocation according to risk diversification principles
Instead of putting all money into bonds of one bank, Vietnamese investors should allocate investment capital into bonds of at least 3-5 different banks. This helps minimize risk if one bank encounters financial difficulties. Mr. Le Quang H. (42 years old, Hanoi) shares his experience: “In 2022, I allocated an investment of 1 billion VND into bonds of 4 different banks. When one of them encountered difficulties and decreased by 12% on the secondary market, my total portfolio still only decreased by about 3%”.
- Allocate no more than 20% of the total investment portfolio to bonds of one bank
- Prioritize bonds of banks with a capital adequacy ratio (CAR) of at least 10%
- Combine investments in both state-owned banks (Vietcombank, BIDV) and strong private banks (Techcombank, VPBank)
- Diversify bond terms to balance between profit and liquidity (30% short-term 1-2 years, 40% medium-term 3-5 years, 30% long-term 5-10 years)
| Investment goal | Allocation ratio to bank bonds | Suitable term | Expected interest rate in Vietnam |
|---|---|---|---|
| Capital preservation | 30-40% | 1-3 years | 7.0-7.5% |
| Stable growth | 20-30% | 3-5 years | 7.5-8.5% |
| Long-term accumulation | 10-20% | 5-10 years | 8.5-9.0% |
| Regular income | 40-50% | Diverse terms | 7.5-8.0% |
Should you deposit all your savings in bank bonds? The answer is definitely no. Financial experts from Pocket Option recommend that Vietnamese people should only allocate 20-40% of total assets to bank bonds, depending on financial goals and risk appetite of each person. The rest should be allocated to other investment channels such as savings (to ensure liquidity), stocks (to increase returns), and real assets such as gold or real estate (to hedge against inflation).
How to buy bank bonds in Vietnam?
If you have decided that investing in bank bonds is a suitable choice for your investment strategy, you can purchase bonds through the following channels in Vietnam:
- Buy directly from the issuing bank (usually applicable to VIP customers with large investment amounts)
- Through securities companies such as SSI, VPS, VCSC (most popular in Vietnam)
- Via online investment platforms like Pocket Option (convenient for trading on the secondary market)
- Through bond investment funds such as VCBF, DragonCapital, VinaCapital (suitable for investors who don’t have time to monitor)
The process of buying bank bonds in Vietnam is carried out through the following specific steps:
| Step | Detailed description | Notes for Vietnamese investors |
|---|---|---|
| 1 | Open a securities account or investment account | Need ID card, phone number, email, bank information. Verification time: 1-2 working days |
| 2 | Research information about the bond issuance | Carefully check the Prospectus, credit rating of the rating organization, financial reports of the last 3 years |
| 3 | Place buy order and transfer money | Bond face value is usually 100 million VND/bond, but some platforms allow fractional purchases from 10 million VND |
| 4 | Receive confirmation and monitor investment | Use bank/securities company app to monitor; interest is usually paid every 6 months |
The Pocket Option platform provides a simplified process for buying bank bonds in Vietnam, with intuitive analytical tools to help you compare interest rates, terms, and credit ratings of issuing banks. According to statistics, more than 45% of Vietnamese bond investors have switched to online platforms in the past 2 years due to convenience and information transparency.
Legal regulations on bank bonds in Vietnam 2025
Do bank bonds have risks depends very much on the legal framework governing them. In Vietnam, bank bonds are subject to strict regulation by many legal documents that are continuously updated:
- Securities Law No. 54/2019/QH14 effective from 01/01/2021
- Decree 153/2020/ND-CP regulating the offering and trading of corporate bonds
- Circular 16/2021/TT-NHNN regulating bond issuance activities of credit institutions
- Decree 65/2022/ND-CP amending and supplementing several articles of Decree 153/2020/ND-CP
During the 2023-2024 period, the Vietnamese Government has implemented many strong measures to enhance transparency and protect investors in the bond market. Specifically, Decree 65/2022/ND-CP has regulated more strictly on bond issuance conditions, information disclosure requirements, and responsibilities of issuing organizations. This helps significantly reduce risks for individual investors.
| New regulations | Main content | Impact on Vietnamese investors |
|---|---|---|
| Decree 65/2022/ND-CP | Tightening bond issuance conditions, requiring credit ratings | Reduces default risk, increases ability to select safe products |
| Circular 39/2023/TT-BTC | Requirements for more detailed periodic and irregular information disclosure | Investors access more complete information about the bank’s financial situation |
| Resolution 42/2024/QH15 | Establishing the National Financial Supervisory Commission with expanded powers | Strengthens protection of investor rights, early intervention when risks are detected |
| Circular 24/2024/TT-NHNN | Regulating the maximum ratio of short-term capital that can be used to issue long-term bonds | Reduces risk of bank capital imbalance, increases safety for long-term bonds |
Conclusion: Should you buy bank bonds in the context of Vietnam 2025?
Bank bonds are a valuable investment tool in the diversified investment portfolio of Vietnamese people. With a return of 7-9% per year, significantly higher than regular savings interest rates (4-5.5%) and lower risk than stocks, bank bonds are suitable for investors seeking a balance between safety and profit.
Are bank bonds safe depends on many factors: the financial situation of the issuing bank, macroeconomic conditions, legal framework, and most importantly, your personal investment strategy. In the context of 2025, with interest rates trending slightly upward and the Vietnamese economy continuing to grow well, bank bonds remain an attractive investment channel for most investors.
Financial experts from Pocket Option recommend Vietnamese investors should:
- Do thorough “homework”: research financial reports, credit ratings and operating history of the issuing bank
- Only invest in bank bonds with money that will not be needed within 1-3 years
- Apply the principle of risk diversification: allocate 20-40% of the portfolio to bank bonds, diversify by issuing organization and term
- Closely monitor macroeconomic indicators, especially interest rates, inflation and exchange rates
- Consider using professional investment platforms such as Pocket Option to access complete information and optimal analysis tools
With a suitable investment strategy and complete knowledge, bank bonds can become an important part in building assets and protecting your financial future in the specific context of the Vietnamese market in 2025.
FAQ
How do bank bonds and savings deposits in Vietnam differ?
Bank bonds have higher interest rates than savings deposits by 2-3.5%, typically ranging from 7-9% per year compared to 4-5.5% per year for savings. However, bonds have lower liquidity and are not insured by Vietnam Deposit Insurance (current insurance limit is 125 million VND/person/bank). Bonds also usually require a higher minimum investment amount, from 10 million VND or more.
Are bank bonds safe for individual investors?
Bank bonds in Vietnam are generally safer than corporate bonds, but still carry inherent risks. Investors should prioritize bonds from banks with good credit ratings (BB+ and above), capital adequacy ratio (CAR) above 10%, and non-performing loan ratio (NPL) below 2%. State-owned commercial banks such as Vietcombank, BIDV are usually considered the safest but also typically have lower interest rates.
Can bank bonds be sold before maturity in Vietnam?
Yes, Vietnamese investors can sell bank bonds on the secondary market through securities companies or platforms like Pocket Option. However, liquidity may be limited and the selling price depends on market interest rates at the time of sale. If interest rates have increased after you purchased the bonds, the selling price may be 5-10% lower than the original investment value. The time to complete a sale transaction usually takes 2-5 working days.
Do bank bonds have risks when investing in Vietnam?
Yes, the main risks include: default risk (the possibility that the bank cannot pay its debt - rare with large banks in Vietnam); interest rate risk (when interest rates rise, bond values decrease - especially important in interest rate increase cycles like 2025-2026); liquidity risk (difficult to sell when cash is urgently needed); and inflation risk (if inflation exceeds 6%, real returns from bonds will decrease significantly).
How much money should be invested in bank bonds in Vietnam?
Financial experts from Pocket Option recommend Vietnamese investors should only allocate 20-40% of their total investment portfolio to bank bonds, depending on age and financial goals. Specifically: young people (25-35 years old) should limit to 20%, middle-aged people (36-50 years old) can invest 30%, and people near retirement age (51-65 years old) can consider up to 40%. Each bond of a specific bank should not account for more than 20% of the total value of the bond portfolio to ensure risk diversification.
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