The logo of the Ha Noi Stock Exchange at its head office. A total of VND12.5 trillion worth of g-bonds was put up for sale this week. — Photo baodautu.vn … [Read more...] about Government bonds sold for US$672.6 million this week
Government bond markets
Decree takes effect in September to raise standards for corporate bond market
Luu Minh Sang, financial-banking law lecturer at the University of Economics and Law, the Vietnam National University in HCM City, said that the lack of transparent information disclosure and independent credit rating among bond-issuing companies are good conditions for risks. … [Read more...] about Decree takes effect in September to raise standards for corporate bond market
Decree takes effect to raise standards for corporate bond market
Under the new decree, the total bond issuance of a company cannot exceed its equity capital by five times and the gap between two bond issuances must be at least six months. The bond issuer also has to declare its purpose and business plan so investors can monitor the use of the capital. … [Read more...] about Decree takes effect to raise standards for corporate bond market
COVID-19-induced uncertainty affects bond markets
Hanoi (VNS/VNA) – The COVID-19 pandemic continues to drag on local currency bond markets in emerging East Asia, including Vietnam, as investment sentiment globally and in the region wane and containment measures limit economic activity. According to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor, Vietnam’s local currency bond market posted a healthy 9.5 percent quarter-on-quarter growth in the first quarter of 2020 to reach 57.6 billion USD at the end of March. This is mainly due to a strong growth rate of the Government bond segment with growth rate of 10.5 percent to 53.3 billion USD, accounting for 92.6 percent of the country’s total bond stock. Corporate bonds, however, contracted 1.7 percent, marking 4.2 billion USD at the end of March given the absence of new issuance over the review period. Vietnam is among entering East Asia countries and territories comprised of mainland China and Hong Kong, Indonesia, the Republic of … [Read more...] about COVID-19-induced uncertainty affects bond markets
Government bonds sold for US$1.4 billion in June
Total outright purchases of G-bonds in June dropped 8 per cent on-month to VNĐ114 trillion. Total trading value of G-bonds via repurchasing agreements (repos) was VNĐ65.3 trillion, up 7.9 per cent month-on-month. … [Read more...] about Government bonds sold for US$1.4 billion in June
