Viet Nam’s corporate bond market has grown significantly, as marked by the continual issuances of VND-denominated corporate bonds. The changes in regulations related to its bond market also serve as foundations for development in the coming years. Viet Nam is gearing up for better processes in encouraging bond issuances and improving market transparency.

Thailand has a relatively developed corporate bond market. Its investor base is dominated by individual investors, followed by institutional investors such as insurance companies, mutual funds and contractual savings fund. Thailand is open to non-Thai issuers in its market through the promotion of “Baht Bonds”. Other market development in the country includes the promotion of green bonds.

This research provides an overview of the corporate bond market in Indonesia and its specific characteristics. Even though being smaller compared to other ASEAN countries, Indonesia’s corporate bond market is seen to welcome new corporate bond products such as green and sustainability bonds. Key market stakeholders in Indonesia strive to promote diversity in terms of issuers and investors.

The corporate bond markets of Brunei Darussalam, Cambodia, Lao PDR and Myanmar, or collectively known as BCLM, are still in the nascent stages of development. Among these countries, only Cambodia has local corporate bond issuances. This paper shows the overview of the developments and challenges in their respective corporate bond markets.

Given its internationally recognized financial industry, Singapore’s corporate bond market is already considered as well-developed compared with other countries ASEAN. It is notable that the demand for Singapore dollar denominated corporate bonds is high – driven by both local and foreign investors. Among ASEAN countries, Singapore has attracted foreign corporates to tap into its corporate bond market.