Vietnam continued to have the smallest local currency (LCY) bond market in emerging East Asia, with outstanding bonds of VND1.2777 quadrillion (US$55.1 billion) at the end of September, said the Asian Development Bank in its latest Asia Bond Monitor report.
Investors should make careful decisions when purchasing corporate bonds, especially coming with high yield rates, to avoid risks, the Ministry of Finance (MoF) has said.
Vietnam’s local currency bond market expanded 1.9 percent year-on-year to $55.1 billion in Q3, according to a report by the Asian Development Bank.
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.
Viet Nam’s local currency bond market expanded during the third quarter of 2019, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.
The Ministry of Finance on November 19 made recommendations concerning corporate bonds, advising investors to carefully consider purchasing those bonds coming with high coupons.