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).
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.
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.
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.
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.
The corporate bond market in Vietnam is expected to be robust this year as the Government has issued regulations to untie the market but still aimed to ensure transparency and healthy market development.
Politics
