Vietnamplus

The Ministry of Finance is taking measures to better develop the corporate bond market safely and effectively.

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.

Vinpearl, a major hospitality-recreation developer and operator in Vietnam, has successfully issued a 425-million-USD Exchangeable Sustainable Bond (ESB), exchangeable into shares of its parent company Vingroup.

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).

Singapore's first-ever sale of bonds to finance infrastructure projects, slated for next week, is considered to be ideal as signs that the global recovery is stuttering increases demand for top-rated debt.

The State Treasury and the Vietnam Bank for Social Policies (VBSP) mobilised more than 36.2 trillion VND (1.59 billion USD) on the primary market via 20 Government bond (G-bond) auctions on the Hanoi Stock Exchange (HNX) in August.

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.

Vietnam should set tight rules to diminish the negative impact of corporate bond products, while constructing flexible regulations for bond issuance to effectively manage and supervise the corporate bond market, according to insiders.

On the primary market, the State Treasury and the Vietnam Bank for Social Policies (VBSP) mobilised more than 32.5 trillion VND (1.41 billion USD) via 22 Government bond (G-bond) auctions on the Hanoi Stock Exchange (HNX) in July.

On the primary market, the State Treasury mobilised more than 31.8 trillion VND (1.38 billion USD) via 18 government bond (G-bond) auctions on the Hanoi Stock Exchange (HNX) in June, down 28 percent month-on-month.

The 10-year government bond future contracts will be officially launched on derivatives market from June 28, according to the Hanoi Stock Exchange (HNX).

A number of banks have increased bond issuance to attract mid-term and long-term capital, leading to changes in capital mobilisation in the corporate bond market in the second quarter.

The purchase of Government bonds on the Hanoi Stock Exchange (HNX) remained vibrant in May on both primary and secondary markets, reported the HNX.

Many international credit rating organisations want to join the Vietnamese market, heard a seminar in Ho Chi Minh City on April 16.

The State Treasury raised nearly 39.21 trillion VND (over 1.7 billion USD) worth of Government bonds via 40 auctions on the Hanoi Stock Exchange (HNX) in the first quarter of 2021.

Vietnam’s largest private conglomerate Vingroup is planning to seek its shareholders’ approval to raise 500 million USD from issuing unsecured bonds on the Singapore Exchange (SGX).

Though some banks increased their deposit interest rates early this month, it is not a common trend and the rate currently is still at the lowest level it has been in many years.

Vietnam’s stock market reached approximately 87.68 percent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate reported so far.