Deputy Prime Minister Vuong Dinh Hue received Chairman of the China Taiping Insurance Group Luo Xi in Hanoi on November 12, welcoming the firm’s intention to invest in the insurance market of Vietnam.
Deputy Prime Minister Vuong Dinh Hue has suggested that the International Financial Corporation (IFC) buy stakes in Vietnam’s major commercial banks when meeting with the IFC Chief Operating Officer Stephanie von Friedeburg in Hanoi on November 7.
More than 150 enterprises successfully issued bonds worth total 179.1 trillion VND (7.7 billion USD) in the first nine months of this year, a report on the Hanoi Stock Exchange bond market showed on October 8.
SSI Securities Corporation (SSI) again had the biggest stock-brokering market shares on both Hop Chi Minh and Hanoi stock exchanges in the third quarter of the year.
The World Bank (WB) and the State Bank of Vietnam (SBV) on October 1 inked a grant agreement worth 2.2 million USD to implement a project aimed at strengthening the soundness and resilience of Vietnam’s banking sector.
Some members of the national financial and monetary policy advisory council have pointed out certain problems in the economy, warning that failure to address them would not only make faster growth unachievable but also decelerate economic expansion.
Over the past 10 years, the interest rates of successfully-issued Government bonds (G-bonds) have decreased significantly, saving thousands of billions of VND for the State budget, contributing to regulate and stabilise the macroeconomy.
Vietnam’s local currency bond market grew 2.6 percent to 52.9 billion USD in the second quarter of this year, after a 0.7 percent expansion in the first quarter.
A total of 117 trillion VND (5.03 billion USD) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.
The State Bank of Vietnam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms.
The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission in Hanoi on August 9.
Vietnam is making concerted efforts to improve the quality of information disclosure and transparency of corporate bond issues and listings to develop a healthy bond market and reduce risks for investors.
The State Treasury of Vietnam raised over 12.5 trillion VND (543 million USD) worth of government bonds (G-bond) during 16 auctions at the Hanoi Stock Exchange in April, down 11.9 percent from the previous month.
Vietnamese Minister of Finance Dinh Tien Dung met with his Thai counterpart Apisak Tantivorawong on April 4, discussing priorities in finance issues in ASEAN in 2019 and 2020.
The Master Agreement for Repo Transactions was introduced at the annual meeting of the Vietnam Bond Market Association (VBMA) held in Hanoi on March 12, with 17 members of the association signing an MoU on the use of the master agreement.
Prime Minister Nguyen Xuan Phuc has approved a project to restructure the stock market until 2020 with a vision to 2025, with an aim to make it an important channel for middle- and long-term capital regulation.
Vietnamese stock market sucked in a further 2.75 billion USD of foreign fund flows after Tet (Lunar New Year), demonstrating investors’ positive sentiments towards this emerging market.
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