return icon

Vietnam’s bond market continues growth

Vietnam’s local currency bond market grew 2.6 percent to 52.9 billion USD in the second quarter of this year, after a 0.7 percent expansion in the first quarter.





This information was part of the latest report of the Asian Development Bank’s (ADB) Asia Bond Monitor.

The report shows Vietnam’s growth was mainly on the back of the 3.2 percent expansion of the Government bond market to 48 billion USD due to issuance of Treasury bonds and central bank bills.

“The growth in the Government bond market offset the 3.4 percent contraction of the corporate bond market during the second quarter of 2019 to 5 billion USD,” the report said.

According to the report, emerging East Asia’s local currency bond market expanded steadily in the second quarter of 2019 despite downside risks stemming from ongoing trade conflicts, a faster-than-expected economic slowdown in the People’s Republic of China (PRC), and moderating global growth.

Emerging East Asia countries and territories comprises of Hong Kong, China; Indonesia; the Republic of Korea; Malaysia; the Philippines; Singapore; Thailand and Vietnam.

ADB Chief Economist Yasuyuki Sawada said foreign investment in emerging East Asia remains stable but there are still considerable potential risks. Financial stability in the region could be undermined if global investors change their views on emerging markets.

“Governments in the region would do well to continue to deepen local currency bond markets so they can act as a reliable local source of funding,” Sawada.

Local currency bonds outstanding in emerging East Asia totalled 15.3 trillion USD at the end of June, up 3.5 percent in US dollar terms from the end of March this year and 14.2 percent higher than the end of June 2018. Bond issuance in emerging East Asia totalled 1.6 trillion USD in the second quarter, 12.2 percent higher than in the first quarter due to strong issuance of government bonds and a recovery in corporate bonds issuance.

The PRC remained emerging East Asia’s largest bond market, accounting for 75.3 percent of the region’s total outstanding paper.

At the end of June, there were 9.4 trillion USD in local currency government bonds outstanding, 13.6 percent higher than at end June 2018. The stock of corporate bonds was 5.8 trillion USD, up 15 percent compared with end June 2018./. VNA/ADB


Who are the buyers of bank bonds?

Who are the buyers of bank bonds?

Forty percent of bonds issued by banks are bought by securities companies, but analysts believe that the real bond holders are commercial banks.

VN banks, securities firms step up bond purchases

VN banks, securities firms step up bond purchases

A recent study by SSI Securities Corporation found that banks and securities companies acquired a large volume of bonds in the January-August period of this year.

VN banks told to be careful with corporate bonds

VN banks told to be careful with corporate bonds

Commercial banks’ purchase of real estate corporate bonds is considered indirect lending to real estate firms, experts say.


Use of e-cigarettes by youth rockets with easy availability at shops

Many students and young people have been hospitalized in a deep coma after using e-cigarettes, which are easy to buy.

How will telecom carriers fare in a highly competitive market?

The traditional telecom market is getting saturated and facing upheavals, including a drop in revenue from traditional calls and SMS, a tighter management policy and changes in technology.

Number of international visitors to Vietnam sets 'record' after pandemic

Vietnam welcomed 2.95 million foreign visitors in January-November 2022, 21.1 times up year on year, but still down 81.9% compared with pre-pandemic levels in 2019.

Su-30MK2, Mi helicopters rehearse in Hanoi

On December 2, Su-30MK2 fighters performed in a rehearsal to prepare for the upcoming Vietnam International Defense Exhibition 2022.

Vietnam sends condolences over passing of former Chinese leader Jiang Zemin

Vietnamese leaders on December 2 cabled messages of condolences to Chinese leaders over the death of former General Secretary of the Communist Party of China (CPC) Central Committee and former President of China Jiang Zemin.

Ministry proposes canceling funding plans over disbursement delays

Disbursements of public funds sourced from foreign loans in the year through November had moved at a snail’s pace, reaching only slightly more than 25% of the full-year plan.

Hanoi to pilot bike rental service in six urban districts

Hanoi has approved a year-long pilot bike rental service programme in Hoan Kiem, Tay Ho, Dong Da, Ba Dinh, Hai Ba Trung, and Thanh Xuan districts.

Weightlifters hope for Olympic qualification from world championship

It was scheduled to be held in Chongqing, China, but this changed in March due to COVID-19 measures in China. The new location was announced in April.

Striker Nguyen Van Quyet named best player of 2022 V.League 1

Striker Nguyen Van Quyet received a statue for the most valuable player of the 2022 V.League 1 season at a V.League Awards ceremony organised on December 1 in Hanoi.

Meteor shower to light up Vietnamese skies on December 13

Local sky gazers will have a rare opportunity to witness the peak of the Geminids meteor shower, with the astronomical event set to occur between midnight on December 13 and the morning of December 14.

Da Nang wins Best Vietnam Smart City Award for third time

The central city of Da Nang has been granted the Best Vietnam Smart City Award 2022, the third time so far.

Newly-established, re-operating enterprises up over 33% in 11 months

Vietnam saw nearly 194,700 newly established and re-operating enterprises in the first 11 months of 2022, up 33.2% over the same period in 2021, a 1.3 times higher than the average rate in January – November period from 2017 - 2021.

Politburo members discuss review of resolution on HCM City development

Party General Secretary Nguyen Phu Trong on December 2 chaired a Politburo meeting on a project to review the 10-year implementation of a resolution on the orientations and tasks for the development of HCMC until 2020 and 2030, with a vision to 2050.

Exporters face tax unless they cut greenhouse gas emissions

Exports to the EU market will become more expensive unless enterprises implement greenhouse gas emission cuts. This will affect the competitiveness of many Vietnamese export companies.

Some of the best fishing lakes in and around Hanoi

Here are some of the most popular fishing lakes near Hanoi. On weekends, the number of people flocking to commercial centres, pedestrian streets or entertainment areas in the inner city of Hanoi has increased.