This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year. Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion
Visitors at a conference to seek providers for supporting industries held by the HCM City Department of Industry and Trade on September 11. VNS File Phto/Viet Nam hoinhap Magazine. Representatives of local firms said at a recent conference on the supporting industry held in HCM City that their companies had joined global supply chains and were seeking opportunities to expand their overseas markets. The conference was held to provide opportunities for local and foreign firms to look for manufacturers of components for products in the fields of electronics, automation, motorbikes, automobiles, and health care. Nguyen Kim Chai from Hanel Vietnam said his company had supplied products to the Japanese market for more than 20 years. The products include components and spare parts for electrical transformers, household electronic equipment, automobiles and telephones. To act as a supplier for … [Read more...] about More local firms join global supply chains
Illustrative image (Photo: Internet) Hanoi (VNA) – Party General Secretary and President Nguyen Phu Trong has exchanged messages of congratulations with President of Mongolia Khaltmaa Battulga on the occasion of the 65th anniversary of Vietnam – Mongolia diplomatic ties (November 17). On the occasion, Prime Minister Nguyen Xuan Phuc and his Mongolian counterpart Ukhnaa Khurelsukh; National Assembly Chairwoman Nguyen Thi Kim Ngan and Speaker of the Parliament of Mongolia Gombojav Zandanshatar; Deputy Prime Minister and Foreign Minister Pham Binh Minh and Mongolian Foreign Minister Damdin Tsogtbaatar also exchanged congratulatory messages. Since the establishment of their diplomatic ties, the two countries have been developing bilateral relations in such various fields such as politics, economy, education and culture. Political relations have enjoyed multiple strides with high-level mutual visits maintained. Bilateral trade reached 60 million USD in 2018, … [Read more...] about Vietnam, Mongolia exchange congratulations on diplomatic ties
Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article (Illustrative photo: VNA) Hanoi (VNA) – Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article. The article cited a joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures which showed start-up investment in Vietnam hit 246 million USD this year through June on 56 deals. It added that investment is expected to top 800 million USD by the end of the year, which would represent a rise of at least 80 percent over last year's 444 million USD. The article said a total of about 5.9 billion USD was invested in Southeast Asian start-ups in the first half of 2019. When it comes to the investments that can be tracked to a destination country, Vietnam accounted for 17 percent of start-up … [Read more...] about Vietnam startups gain on Indonesia, Singapore: Japanese newspaper
Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?