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?
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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
Leader of the opposition Future Forward Party Thanathorn Juangroongruangkit (Source: Bangkok Post) Hanoi (VNA) - The Constitutional Court of Thailand on November 20 disqualified leader of the opposition Future Forward Party Thanathorn Juangroongruangkit as a member of parliament for illegally owning shares in a media company while running for election last March. The Constitution of Thailand bars those who own or hold shares in media business from registering for an election, to prevent them from using the media to their own advantage or to the disadvantage of rivals. Thanathorn, once seen as a rising star in Thai politics, had argued that he transferred all the shares to his mother on January 8, almost a month before the five-day poll registration period began on February 4. However, the court found that relevant authorities did not receive proper notification of the share transfer until March 21, three days before the election. The Future Forward Party currently controls … [Read more...] about Thai opposition party leader disqualified as MP
The mission was joined by cadets and commanders of the Vietnam Naval Academy, as well as representatives of relevant agencies of the Vietnam Naval Service. Senior Colonel Nguyen Duc Nam, Deputy Director of the Academy cum Head of the mission, held that the mission is to enhance friendship, mutual understanding and trust between the Vietnam People’s Navy and its neighboring counterparts, including the Royal Cambodian Navy and the Royal Thai Navy, and to promote exchanges among the naval forces for a region of peace, stability and development. It also provides an opportunity for naval cadets to improve their commanding capability, practical skills to master weapons and equipment as well as to deal with real situations. The People’s Army Newspaper would like to introduce some images of the mission before leaving Nha Trang Port for Cambodia and Thailand. Senior Colonel Nguyen Van Lam (R), Director of the Vietnam Naval Academy, presenting bouquet of flowers to the … [Read more...] about Vietnam’s naval sailing vessel left for Cambodia and Thailand
At the meeting, Ms. Wiesen congratulated Vietnam on taking over the Chairmanship of ASEAN Defense Ministers’ Meeting (ADMM) and ADMM+ from Thailand in 2020. She also highlighted achievements recorded by the first Level-2 Field Hospital in the UN Mission in South Sudan as well as Vietnam’s recent successful deployment of the Level-2 Field Hospital Rotation 2. The UNDP official hoped that UNDP and Vietnam will obtain more achievements in cooperation in UN peacekeeping operations. At the reception Regarding war consequence settlement, Ms. Wiesen highlighted the positive outcomes of the project, “Vietnam – the Republic of Korea cooperation in unexploded ordnance (UXO) consequence relief in Quang Tri and Binh Dinh provinces from 2018 to 2020,” jointly conducted by the Vietnam National Mine Action Center, the Korea International Cooperation Agency (KOICA), and UNDP in Vietnam. General Vinh highly appreciated the effective cooperation … [Read more...] about Vietnam, UNDP cooperate in war consequence relief