The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance.
Prime Minister Pham Minh Chinh chaired a national online conference in Hanoi on February 17 that sought ways to remove obstacles to the domestic real estate market and give it a push to grow safely, healthily and sustainably.
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.
Vingroup has just announced its bond issuance on the international market in 2022, worth 525 million USD, with the offering price of 1 million USD a bond. The issue date is expected to be in May.
The State Securities Commission (SSC) has decided to cancel nine separate bond issuances worth over 10 trillion VND (over 437 million USD) by subsidiaries of property developer Tan Hoang Minh Group because they submitted false information.
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.
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).
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.
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.
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).
As many as 277 businesses were involved in bond issuances in 2020, mobilising 403.5 trillion VND (17.4 billion USD), via some 2,200 issuance tranches, the Hanoi Stock Exchange has announced.
Companies collected a total of 38.4 trillion VND (1.7 billion USD) via bond issuances in August, according to statistics from the Hanoi Stock Exchange (HNX).
Enterprises in the real estate sector issued some 45.59 trillion VND (around 2 billion USD) worth of bonds in the first half of this year, equal to 80 percent of the figure in 2019 as a whole.
Indonesia’s foreign debts in the second quarter of 2020 were recorded at 408.6 billion USD, consisting of debts of the public and private sectors, according to the Bank of Indonesia (BI).
The Hanoi Stock Exchange (HNX) has issued a new rule to run the corporate bond portal to publicise bond deals and give investors more news about the market.
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