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.