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Update news Government bonds
The Vietnam State Treasury (VST) has announced a plan to auction VND400 trillion worth of government bonds on the Hanoi Stock Exchange this year.
The Government plans to issue US dollar-denominated bonds in the domestic market to fund additional stimulus packages to foster the recovery of the economy.
Experts and economists have proposed to expand the issuance of Government bonds to the international market,
Thirteen commercial banks and securities firms will be allowed to join the debt market or Government bonds (G-bonds) market in Vietnam this year.
The Ministry of Finance on November 19 made recommendations concerning corporate bonds, advising investors to carefully consider purchasing those bonds coming with high coupons, reported Sai Gon Giai Phong newspaper.
Vietnam’s major trading bourse Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profit dropped by almost half year-on-year to 200 billion VND (8.6 million USD).
The Ha Noi Stock Exchange said that Nha Trang Bay Investment and Construction Joint Stock Company successfully issued private corporate bonds worth VND650 billion (US$28.2 million), all of it to the Viet Nam Maritime Bank.
Vietnamese enterprises are in dire need of capital to expand production and business, but the current development of the capital market cannot meet this demand.
Commercial bank loans, venture funds and foreign capital are ready to disburse money for profitable projects in Vietnam.
VietNamNet Bridge – Though the interest rates on government bonds with maturity terms of one to 15 years have increased in recent times, there seems to be little appetite for them among investors.
The Supreme People’s Procuracy on Tuesday has finalised charges against Huynh Nam Dung, former management board chairman of Mekong Housing Bank (MHB), and sixteen accomplices.
Duong Van Can, Vice Chairman and General Secretary of the Viet Nam Association of Construction Contractors talks to Thoi bao Kinh te Viet Nam about measures needed to settle outstanding debts in infrastructure construction,
Viet Nam Railways Corporation Chairman Vu Anh Minh tells Tuoi tre (Youth) that the sector plans to facilitate private investment towards improving its products and services.
VietNamNet Bridge – For Sacombank Securities Company (SBS), merging with another brokerage is a fait accompli: its accumulated losses exceed its capital.
VietNamNet Bridge - There are huge financial resources in Vietnam which still have not been mobilized for investment and development.
VietNamNet Bridge – Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.
VietNamNet Bridge - How much Vietnam lends to the US shows the strength of Vietnam, rather than the debt burden on the US government.
VietNamNet Bridge - The government plans to transfer its burden of acting as a guarantor for loans to commercial banks in an effort to better control public debt.
VietNamNet Bridge - Two years have elapsed since Nguyen Ha Dong roused the world gamer community with his Flappy Bird. But the name Nguyen Ha Dong has always been hot.
Asian shares sank to their lowest in over four years on Monday as doubts mounted about Beijing's ability to manage the world's second-biggest economy.