Safely navigating choppy bond markets

Safely navigating choppy bond markets

With allegations against Van Thinh Phat Group causing turmoil in the corporate bond market, Nguyen Quang Thuan, chairman of the board cum CEO at FiinGroup, writes about bond default risks, bond maturity, and practical solutions to counter potential problems.
Long-term bond yields decline in emerging East Asia

Long-term bond yields decline in emerging East Asia

Vietnam’s local currency bond market grew 8.1 per cent from the previous quarter to US$99.5 billion. The faster expansion was driven by both the Government and corporate bond segments.
Real estate businesses return to bond channel

Real estate businesses return to bond channel

Many real estate businesses have returned to the bond channel to raise capital after an absence in April, mobilising thousands of billions of Vietnamese dong.
Weighing up risks of a bubble from bond squeeze

Weighing up risks of a bubble from bond squeeze

The Vietnamese government has implemented a range of measures to control and tighten credit in real estate bonds. Broadly speaking, there are three channels of debt capital that the real estate sector can call on to secure credit: senior bank lending, the broader capital markets, and private credit.
Bond issuance slows amid tightening controls

Bond issuance slows amid tightening controls

Bond issuers have become more cautious amid the authorities tightening control of the market, leading to issuance shrinkages.
Vietnam’s corporate bond market to reach 20 per cent of GDP by 2025

Vietnam’s corporate bond market to reach 20 per cent of GDP by 2025

The Vietnam Bond Market Association estimates that outstanding the debt of the corporate bond market reached 15 per cent of GDP at the end of 2021.
Leaders eye bond market revamp

Leaders eye bond market revamp

The recent cancellation of new corporate bonds has sparked a public discussion about the dissemination of misleading information and the multiple hazards lurking in the debt market
Techcombank named the most active market maker for government bonds

Techcombank named the most active market maker for government bonds

Techcombank scooped up the first place among market makers of government debt instruments in 2021, as recognised by the Ministry of Finance.
Turbulence expected after Fed pivot

Turbulence expected after Fed pivot

Emerging economies like Vietnam will not be immune to plans by the US Federal Reserve to reduce bond purchases and rate hikes to fight against inflation pressures, with foreign indirect investment and some import- and export-reliant businesses perhaps in the firing line.
Fruitful territory for bond issuance

Fruitful territory for bond issuance

Banks are showing strong desire in bond issuance activities, while real estate developers have lowered the extent of their bond-related capital mobilisation efforts.
Investors cautioned over bond issuance vulnerabilities

Investors cautioned over bond issuance vulnerabilities

Credit-challenged companies, especially banks and real estate providers, are finding another way around their continuous capital needs by tapping into the corporate bond issuance market, which remains particularly vulnerable to economic downturns and incomplete legal frameworks in Vietnam.
Bond issuance power play in energy sector

Bond issuance power play in energy sector

With vast potential and attractiveness, investors are very much keen to increase their foothold in the energy sector by expanding their operations, with the demand for fund mobilisation via corporate bond issuance burgeoning in Vietnam.
Government urges caution on corporate bond risks

Government urges caution on corporate bond risks

According to SSI Securities Corporation, the value of corporate bonds issued in 2019 was VND280 trillion ($12.17 billion) – an on-year increase of 25 per cent from 2018.
Risk and thirst abound in bond market

Risk and thirst abound in bond market

Both local and overseas companies have ventured back into the bond market to cash in on low interest rates, but Vietnamese authorities are cautioning investors.
F88 distributes $8.7 million worth of bonds through three rounds of issuance

F88 distributes $8.7 million worth of bonds through three rounds of issuance

F88 completed three rounds for bond issuance worth VND200 billion ($8.7 million) with the annual interest of 12.5 per cent.
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