Keyword: "municipal bonds"

Great reliance on the state budget and conventional bank lending could put considerable pressure on the financial system, making it necessary to develop new and sustainable sources of funding from both domestic and international capital markets.

At the end of November, the size of the Government bond (G-bond) market was equal to 25.1 percent of the gross domestic product (GDP) of 2019, rising 12-fold from 2009, data show.

Outstanding debt in Vietnam’s bond market is targeted at 45 percent of total GDP in 2020 and about 65 percent of GDP in 2030, according to a recently approved roadmap for the market development.

The People’s Committee of Ho Chi Minh City has submitted to the Ministry of Finance a plan of issuing 3 trillion VND (134.4 billion USD) in municipal bonds in the domestic market in 2016.