Only three Vietnamese bonds are listed on the international market, and their liquidity remains low.
Vietinbank’s bond has the highest liquidity on the list, which also includes bonds from Masan Group (MSN) and Vingroup (VIC). However, since it was listed on the Singapore Stock Exchange in May last year, the bond’s value in a trading session reached only a few thousand US dollars.
Moreover, the Vietinbank bond’s trading value in Singapore is much lower than that of bonds purchased domestically.
Bonds from the Bank for Investment and Development of Vietnam sell for 100 billion VND (4.7 million USD) per session on the Ha Noi Stock Exchange, accounting for 10 percent of their total issued value. On the Singapore Stock Exchange, other bonds are valued at millions of dollars.
While Vietinbank bonds still see two to four transactions each month, Masan and Vingroup bonds are rarely traded.
Hoang Anh Gia Lai (HAG) had to terminate the listing of its convertible bonds in Singapore last year due to the lack of trades, which made the listing costs untenable.
The bleak condition of internationally listed bonds is a significant discouragement to enterprises.
Vietcombank (VCB), the National Oil and Gas Group (PetroVietnam) and the Vietnam National Coal - Mineral Industries Group (Vinacomin) expressed wishes to sell bonds on the international market last year. However, according to the Ministry of Finance, these three giants have not submitted plans yet.-VNA
Vietinbank’s bond has the highest liquidity on the list, which also includes bonds from Masan Group (MSN) and Vingroup (VIC). However, since it was listed on the Singapore Stock Exchange in May last year, the bond’s value in a trading session reached only a few thousand US dollars.
Moreover, the Vietinbank bond’s trading value in Singapore is much lower than that of bonds purchased domestically.
Bonds from the Bank for Investment and Development of Vietnam sell for 100 billion VND (4.7 million USD) per session on the Ha Noi Stock Exchange, accounting for 10 percent of their total issued value. On the Singapore Stock Exchange, other bonds are valued at millions of dollars.
While Vietinbank bonds still see two to four transactions each month, Masan and Vingroup bonds are rarely traded.
Hoang Anh Gia Lai (HAG) had to terminate the listing of its convertible bonds in Singapore last year due to the lack of trades, which made the listing costs untenable.
The bleak condition of internationally listed bonds is a significant discouragement to enterprises.
Vietcombank (VCB), the National Oil and Gas Group (PetroVietnam) and the Vietnam National Coal - Mineral Industries Group (Vinacomin) expressed wishes to sell bonds on the international market last year. However, according to the Ministry of Finance, these three giants have not submitted plans yet.-VNA
