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ADB: Vietnam’s bond market grows fastest in East Asia

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Vietnam enjoyed the fastest growth in the local currency bond market in the emerging East Asian economies in 2012, said the Asian Development Bank’s (ADB) latest Asia Bond Monitor.

In the fourth quarter of 2012, Vietnam ’s local currency bond market rose 42.7 percent to 25 billion USD, an increase of 17.6 percent against the previous quarter, largely due to the rapid expansion in the government bond market.

The government bond market saw a year-on-year increase of 54.6 percent against the same period last year to 24 billion USD.

However, the business bond market shrank to only 47.6 percent of the same period last year, with 1 billion USD, representing a continuous decrease since March 2011.-VNA
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