G-bonds worth over 7 billion USD issued in 2017
G-bonds worth 159.9 trillion VND (7.04 billion USD) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year, according to the Ministry of Finance.
G-bonds in 2017 had an average interest rate of some 6.07 percent per year, down 0.2 percentage points against 2016. (Photo: thoibaotaichinh.vn)
Hanoi (VNA) - G-bonds worth 159.9 trillion VND (7.04 billion USD) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year, according to the Ministry of Finance.
The bonds had an average interest rate of some 6.07 percent per year, down 0.2 percentage points against 2016.
The National Financial Supervisory Commission forecast that the G-bond market in 2018 would see modest change thanks to the economic growth of more than 6.7 percent and inflation of below 4 percent.
The value of G-bonds issued in 2018 is estimated at some 180 trillion VND, with the focus being on long term maturity and keeping the interest rate at low levels.
The Government in 2017 approved the roadmap for the development of the bond market from 2017 to 2020 with a vision for 2030, in which the the outstanding debt in Vietnam’s bond market is targeted at 45 percent of the total GDP in 2020 and some 65 percent of the GDP in 2030.
Under the plan, the outstanding debt of the Government bond, Government-guaranteed bond and municipal bond market is aimed at some 38 percent of the total GDP in 2020 and 45 percent in 2030. The corporate bond market’s outstanding debt is expected to reach some 7 percent of the GDP in 2020.
The roadmap aims for stable development, larger size and better quality of Vietnam’s bond market, which should have more diverse products, proactively integrate into the global market, and gradually operate, in line with international standards and practices.
For this, Vietnam is set to complete its policy framework for the bond market, develop the primary and secondary markets, diversify investors, and facilitate intermediary institutions and market services.-VNA
You should also see
Vietnam, China promote judicial cooperation
Minister of Justice Le Thanh Long held talks with his visiting Chinese counterpart He Rong in Hanoi on April 19 to discuss measures to promote judicial cooperation between the two countries.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
