This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year. Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion
Foreigners in vietnam
The meeting was held by the Government’s working group and the People’s Committee of the northern province of Ha Nam to review the organisation of the UN Day of Vesak 2019. The UN Day of Vesak 2019 was hosted by the Vietnam Buddhist Sangha at Tam Chuc Pagoda in Kim Bang district of Ha Nam from May 12 to 14. Themed “Buddhist Approach to Global Leadership and Shared Responsibilities for Sustainable Societies,” it brought together 1,650 delegates from 112 countries and territories worldwide. Deputy Prime Minister Truong Hoa Binh addresses the event. Deputy PM Binh said thanks to efforts by the Vietnam Buddhist Sangha, the Xuan Truong company, along with the support of the Party and State’s leaders and relevant ministries, sectors and localities, the country created a memorable UN Day of Vesak, leaving a good impression on foreign friends and delegates to the event. He stressed that the successful organization once again affirmed … [Read more...] about Vesak 2019 demonstrates Vietnam’s respect for freedom of religion: Deputy PM
Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?
The lenders were South Korea’s Woori Bank and KEB Hana Bank; and the Industrial and Commercial Bank of China, the airline said in a statement Tuesday. The low-cost airline is eyeing new routes to the Middle East, Eastern Europe and Australia using the 20 Airbus A321XLR aircraft it ordered last month. The A321XLRs are scheduled be delivered from 2023 and the carrier plans to add 10 international routes every year, Thao said. Vietjet currently flies 40 domestic and 66 international routes. It operates 385 flights daily within Vietnam and to places such as Japan, Hong Kong, South Korea, Taiwan, Singapore, mainland China, Thailand, Myanmar, Malaysia and India. … [Read more...] about Vietjet Air signs $140 million loans for fleet expansion
Chairwoman of the Bac Ninh People's Committee Nguyen Huong Giang (R) hosts a reception for Finnish Ambassador Kari Kahiluoto (Photo: VNA) Bac Ninh (VNA) – Chairwoman of the People's Committee of the northern province of Bac Ninh Nguyen Huong Giang on November 20 hosted a reception for Finnish Ambassador Kari Kahiluoto, during which the two sides discussed the treatment of wastes. The foreign diplomat described the event as one of the practical activities aimed at pushing up the relations between the two countries. Over the recent past, Finland has been cooperating with Vietnam in general and Bac Ninh province in particular in various fields, especially waste treatment, the ambassador said, adding his embassy has been providing active support to the country’s firms in implementing projects in Vietnam, most recently the waste-to-energy plant in Bac Ninh’s Que Vo district. He expressed his hope that Bac Ninh leading officials will continue supporting and … [Read more...] about Finland helps Bac Ninh province in waste-to-energy technology