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
Latest news briefs
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
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?
A nine-year-old boy in the north-central Vietnamese province of Thanh Hoa had one of his hands amputated after a flashlight exploded while charging in his home last week. L.V.N., born in 2010, was rushed to Thanh Hoa Province Children’s Hospital with a severely injured right hand on the morning of November 16. The little patient’s family said he had tried to unplug a flashlight from an electric socket at around 7:30 am that same day after he heard a ‘pop’ coming from the device, which was being charged. The device suddenly blew up while N. was holding it in his right hand, the family said. The explosion severely damaged all the fingers of the hand. N.’s family first rushed him to a district hospital, where the boy was given first aid before he was transferred to Thanh Hoa Province Children’s Hospital. Doctors performed emergency surgery to amputate the patient’s injured right hand at 10:20 am on the same day as the hand was too badly damaged to … [Read more...] about 9-yo Vietnamese boy loses hand in flashlight explosion
A section of the iconic Han River in the central Vietnamese city of Da Nang has been contaminated by wastewater over the past few days as a nearby wastewater collection system becomes overloaded. Dark-colored water was spotted along a section of the Han River near Tran Thi Ly Bridge and Nguyen Van Troi Pedestrian Bridge on Tuesday morning, according to observations by Tuoi Tre (Youth) newspaper reporters. Unpleasant smell was noticeable from the riverbank. As of Wednesday morning, the polluted water had changed to a lighter color but the stench remained. A section of the Han River near Tran Thi Ly Bridge in Da Nang, Vietnam is polluted on November 19, 2019. Photo: V.Hung / Tuoi Tre A quick report by the municipal Department of Natural Resources and Environment showed that coliform levels in the water collected from the Han River near Tran Thi Ly Bridge were eight times higher than acceptable standards. The agency attributed the situation to the degraded and congested state of a … [Read more...] about Wastewater pollutes Da Nang’s iconic Han River