Business

Vietnam has fastest-growing local currency bond market

Vietnam was the fastest-growing local currency bond market in the third quarter of the year, increasing 22.2 percent year on year to 17 billion USD, according to the latest Asia Bond Monitor report released by the Asian Development Bank (ADB) on Nov. 29.
Business

Vietnam’s corporate bond market warms up

Vietnam’s corporate bond market is showing signs of recovery after a series of local banks announced their plans to issue more bonds from now through early next year.

Noteworthy are plans by Saigon Thuong Tin Commercial Joint Stock Bank (SacomBank) to sell 3 trillion VND (168 million USD) worth of bonds in the third quarter of this year; and Saigon Commercial JS Bank (SCB) with 1 trillion VND worth of convertible bonds in the first quarter of next year.