Vietnamplus

Companies are looking to raise debts from bond issuance before the amended Law on Securities takes effect next January.

Issuance value of corporate bonds in Vietnam reached a five-year high of 39.45 trillion VND (1.7 billion USD) in 2018, data from Bao Viet Securities Co (BVSC) showed.

Credit growth in the next three to five years is forecast to be around 14 percent per year, lower than the average rate of 18.1 percent in the 2015-17 period.

Morgan Stanley Capital International (MSCI) has decided to hold Vietnam’s status in the equity market in the Frontier Markets Index until 2019.

Vietnam’s benchmark VN Index fell slightly on October 26 as large-cap stocks traded in the negative territory on strong investor selling.

Shares closed on October 10 on a positive note on the two national stock exchanges as the banking, securities and steel sectors continued to support the market.

Local markets were fragile on August 17 after gains in a day earlier, with both indices falling on weakening investor sentiment.