Minister of Finance Ho Duc Phoc has responded in writing to a NA delegate of Lam Dong province on issues related to the management of capital, stock and bond markets.
Many real estate businesses have returned to the bond channel to raise capital after an absence in April, mobilising thousands of billions of Vietnamese dong.
Although the 2020-2022 period was a tough time for both State-owned and private enterprises due to macro-economic fluctuations after the COVID-19 pandemic, it provided a good chance for businesses that managed to exist and make breakthrough growth, according to a report by Vietnam Report JSC.
Vietnamese businesses mobilised 24.1 trillion VND (1.08 billion USD) in May through one public and 34 private corporate bond issuances, according to the Vietnam Bond Market Association (VBMA).
The Ministry of Finance is considering to put forward another proposal for further fuel duty cut, Minister Ho Duc Phoc told the 15th National Assembly during its third sitting in Hanoi on June 8 amid concerns over soaring fuel prices.
Cases related to legal violations involving corporate bond mobilization are causing 'bottlenecks’, making it necessary to seek solutions to help the market develop effectively.
An official of the Ministry of Public Security (MPS) mentioned measures for cracking down on fake news while another from the Ministry of Finance (MoF) highlighted ways to ensure the transparency of the financial, stock, and bond markets at the Government’s monthly press conference on April 29.
How to develop a safe, transparent, effective, and sustainable capital market to ensure macro-economic stability is the focus of a conference held under the chair of Prime Minister Pham Minh Chinh on April 22.
As the Vietnamese bond market is considered new compared to other countries, with less experience and smaller in size, flaws are inevitable. Therefore, it is necessary to make changes to improve and develop the market.
The scale of capital mobilisation through corporate bonds is forecast to decrease sharply, but there will be a drastic change in quality, according to a study on the corporate bond market by FiinRatings.
Any act that aims at manipulating the stock and corporate bond markets to gain illicit profits will be punished strictly, according to the Ministry of Finance.
Emerging East Asia’s total local currency bond issuance rose 7.1 percent to an all-time high of 9 trillion USD in 2021, according to the latest issue of the Asia Bond Monitor recently released by the Asian Development Bank (ADB).
Both the government and corporate bond segments posted faster growth, pushing Vietnam’s local currency bond market to 91.5 billion USD at the end of December 2021.
Over 16.91 billion USD has been raised from sales of corporate bonds in the first nine months of this year, according the Vietnam Bond Market Association (VBMA).
Vietnam’s stock market mobilised total capital of 292.1 trillion VND (12.8 billion USD) in the first nine months of this year, up 12 percent compared to the previous year.
More than 206 trillion VND (9 billion USD) worth of Government bonds has been raised for the State budget annually. This accounts for almost 10 percent of total investment in society in 2020 and 28.3 percent of the investment by the State sector last year.
Banks have been promoting the mobilisation of medium- and long-term capital through bond issuance to meet the State Bank of Vietnam (SBV)’s requirements on capital adequacy ratio (CAR).
The realty sector recorded a strong rise in the value of corporate bonds issued in the first six months of 2021, but risks still abound amid the impact of COVID-19 on production and businesses.
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