Total outstanding value of corporate bonds by the end of April 2022 reached VND320.4 trillion (US$13.8 billion), accounting for a small proportion of the country’s total outstanding credit of 2.86 per cent.
Plentiful liquidity of the banking system has allowed the government to issue bonds with low coupon rates and high winning ratio, MB Securities company reported.
The 10-year government bond future contracts will be officially launched on derivatives market from June 28, according to the Hanoi Stock Exchange (HNX).
Viet Nam''s stock markets had reached approximately 87.68 per cent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate ever reported so far.
More than VND12 trillion (US$519.3 million) was mobilised for the State Treasury through a Government bond auction at the Ha Noi Stock Exchange (HNX) earlier this week.
Through 21 Government bond auctions on the Ha Noi Stock Exchange (HNX) in July, the State Treasury raised more than VND58.67 trillion (US$2.5 billion), up 80 per cent against June.
Government bond yields hit a record low in December 2019, with the interest rates of Treasury bonds of all terms seeing decreases by between 0.03 and 0.37 percentage points compared to November.
Viet Nam’s Government bond (G-bond) market would become a safe, effective and highly lucrative investment mechanism for commercial banks, insurance networks, investment funds and foreign investors.
The State Treasury has mobilised more than VND182.4 trillion (US$7.88 billion) through Government bond auctions on the Ha Noi Stock Exchange (HNX) so far this year, fulfilling 73 per cent of the yearly plan.
The Europe-Vietnam Free Trade Agreement (EVFTA) is the process of being ratified for early 2020. For European investors, it will be a good opportunity to penetrate Viet Nam’s financial sector. Cao Minh Hoang, investment director of IPA Asset Management, speaks...