Corporate bond market seen improving this year

Local enterprises raised around 450 billion VND from their bond issues via private placements in the first quarter of 2014, lower than the quarterly average of last year, but experts forecast the market could improve later this year, according to the Saigon Times Daily.

Credit institutions asked to deal with bad debts

Recently, Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh issued Document 8421/NHNN-TTGSNH on the implementation of the Prime Minister’s directives detailed the Decision 843/QD-TTg dated May 31, 2013 approving the two projects of "Dealing with bad debts of the credit institutions system" and "Establishing the Vietnam Asset Management Company". Vietnam Business Forum finds out more.

Large banks focus on corporate bonds

The total value of corporate bonds sold during the first six months of this year has reached 15 trillion VND (707.5 million USD), equivalent to 88 percent of last year’s total, according to a report from the Bank for Investment and Development of Vietnam (BIDV).

Vietnam’s government bond market sharply grows

Vietnam registered the most rapid year-on-year growth in the government bond market, posting a 64.6 percent expansion to 29 billion USD, fueled by heavy issuance of treasury, central bank, and state-owned enterprise bonds.

Banks to sell non-performing loans

Banks with non-performing loan (NPL) ratios of 3 percent or more will have to sell the loans to the Vietnam Asset Management Company (VAMC), a new group due to officially begin operations on July 9 this year, according to a newly-issued decree.

Market welcomes first open ended fund

The VinaWealth Fund Management Joint Stock Co. , an affiliate of the VinaCapital group, launched its open-ended VinaWealth Enhanced Fixed Income Fund on January 15.

PVN halts 1bln USD in bond sales overseas

The PetroVietnam Group has indefinitely post-poned its planned sale of corporate bonds overseas, the State-owned petroleum giant announced at a press conference on Tuesday.

East Asia creates bond guarantee fund

East Asian countries, including 10 ASEAN nations, China , Japan and the Republic of Korea , expect to debut their Credit Guarantee and Investment Facility (CGIF) worth 700 million USD, to support the issuance of local currency-denominated corporate bonds in Asia .

Indirect investment helps increase stock liquidity

The flow of foreign indirect investment (FII) has helped increase the liquidity of the stock market as well as accelerate the equitisation of State-owned businesses and the issuance of government and corporate bonds, according to economic experts.