More is needed, however. Private pension funds, investment funds, and insurance companies all need to mature so there is a strong base of demand for corporate bonds. Meanwhile, the main public pension, the Social Insurance Agency, must first be able to prudently manage and second start to invest in corporate debt. Vietnam needs to establish a domestic credit rating agency, and the government should actively market this investment opportunity to leading international rating agencies. These steps will help the corporate bond market to evolve, eventually creating opportunities for project bonds, particularly if credit enhancement mechanisms are available for these instruments. … [Read more...] about Vietnam building bridges for greater economic growth and development
A total of 6 trillion VND worth of G-bonds were offered, including 10-year, 15-year and 30-year ones, each valued at 2 trillion VND. The ten-year bonds attracted over 1.66 trillion VND at an annual interest rate of 2.29 percent, 0.02 percent higher than the previous auction on February 19. Meanwhile, those with 15-year maturity raised more than 1.93 trillion VND, yielding 2.88 percent per year, or 0.03 percent higher than that in the February 19 auction. Over 1.2 trillion VND were also collected via 30-year bonds with an annual yield of 3.55 percent, 0.15 percent lower than that in the February 12 auction. Since the beginning of this year, the State Treasury has raised a total of 23.26 trillion VND via G-bond auctions on the HNX./. … [Read more...] about Over 208 million USD raised through G-bond auction
Hanoi (VNA) – The State Treasury has raised 2.7 trillion VND (115.79 million USD) through a recent G-bond auction on the Hanoi Stock Exchange (HNX). A total of 4 trillion VND worth of G-bonds were offered, including five-year, 10-year, 15-year and 30-year bonds, each valued at 1 trillion VND. Ten-year bonds mobilised 800 billion VND at an annual interest rate at 2.91 percent, 0.03 percent higher than the previous auction on January 21. Bonds with 15-year maturity raised 900 billion VND with an annual interest rate of 3.03 percent, up 0.03 percent as compared with the January 21 auction. Meanwhile, 1 trillion VND was collected via 30-year bonds with a yield rate of 3.7 percent, 0.02 percent lower than that in the February 5 auction. However, five-year bonds were unsold. So far this year, the State Treasury has collected over 13.3 trillion VND from five G-bond auctions on the HNX./. … [Read more...] about State Treasury mobilises over 115 million USD through bond sales
This is the motivation for our collaboration with Bordier & Cie, a leading Swiss private bank with over 175 years of experience, to create a top-quality service for Vietnamese high-net-worth individuals,” said Luu Trung Thai, CEO and vice chairman of MB. … [Read more...] about MB launches MB Private, targeting high net worth individuals
According to iViVu CEO Nguyen Trung Cong, local consumers have provided the bedrock for robust development in the online travel sector. The market, however, remains dominated by foreign players. To boost the market share, local players need to provide something unique that shows a deep understanding of the domestic market and applies disruptive technologies. … [Read more...] about An internet economy: a golden treasure trove?