The Ministry of Finance has sent documents to bond issuers, asking them to utilise resources to fulfill their commitments to investors, said Deputy Minister Nguyen Duc Chi on solutions to difficulties in the corporate bond market at the Government's regular press conference in Hanoi on December 1.
After strong growth in the previous quarter, Vietnam’s currency bond market contracted 0.2% due to a decline in the Government bond market and slower growth in corporate bonds.
The Vietnamese financial market has experienced a bumpy road since the beginning of 2022 due to violations in the issuance and trading of corporate bonds by large corporations such as Tan Hoang Minh and Van Thinh Phat.
The Vietnam Stock Exchange (VNX) has applied for membership of the World Federation of Exchanges (WFE) in replacement of the Ho Chi Minh Stock Exchange (HOSE).
ADB experts said that government bonds increased by 7.4% compared to the previous quarter to 69.8 billion USD, mainly thanks to the increase in SBV bills.
A workshop aiming to promote trade connection between Vietnamese and Egyptian businesses was held in Cairo on September 8, attracting those specialising in agricultural products, seafood, construction material, household plastic, paper, packaging and fertiliser.
Secretary of the Party Committee of Quang Nam province Phan Viet Cuong on August 22 received Let Xaynhaphon, Secretary of the Party Committee of Laos’s Attapeu province, who is leading a delegation to visit the Vietnamese central locality.
Banks must tighten their assessment control of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said.
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.
More than 17.57 trillion VND (748 million USD) was mobilised via 31 government bond (G-bond) auctions on the Hanoi Stock Exchange (HNX) in June, up 67.2% month-on-month.
Vietnam ranks second in green bond issuance in the Association of Southeast Asian Nations (ASEAN), according to the ASEAN Sustainable Finance – State of the Market 2021 report recently released by Climate Bonds Initiatives (CBI) and HSBC.
The Ministry of Construction (MoC) has proposed controlling the bond issuance activities of real estate enterprises but not tightening investment in real estate bonds, Nguyen Manh Khoi, Deputy Director of MoC's Housing and Market Management Department, said at the monthly press conference held on June 13.
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).
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has submitted a report to National Assembly (NA) deputies on issues raised during the Question-and-Answer session, including credit management and control in potentially risky areas, especially securities lending, corporate bond issuance and real estate.
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.
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