bond market

Lethargic opening to 2024 bond market poses questions for challenging outlook

February 07, 2024 | 22:16

Vietnam’s corporate bond market in early 2024 has experienced a subdued start, marked by a notable absence of new issuances and a predominant focus on bond buybacks.

Instability remains risk for bond market

July 25, 2023 | 08:00

Though the recent inauguration of a private corporate bond trading platform is a substantial advancement towards improved market liquidity and transparency, significant work still lies ahead to harmonise the market with Vietnam’s economic progression and bolster investor safeguards.

Creation of trading platform to overhaul bond market

June 27, 2023 | 08:00

In a strategic move to bolster liquidity and instil renewed faith in Vietnam’s corporate bond sector, the Ministry of Finance is on the cusp of introducing a trading platform exclusively dedicated to corporate bonds in July.

Bond repurchases to help prop up cash flow situation

April 05, 2023 | 09:16

It is anticipated that financial institutions will be entering the market to purchase corporate bonds in the near future, according to a draft amendment currently under consultation.

Clearing up the liquidity issue through amendments

March 17, 2023 | 11:55

According to the Vietnam Bond Market Association, VND309 trillion ($13 billion) worth of bonds will mature in 2023, including VND119 trillion ($5 billion) issued by real estate enterprises. Most bond issuers, especially those operating in the real estate sector, will likely default on their obligations as they suffer from the poor liquidity in the real estate market and the loss of investor confidence.

Bond rule tweaks loosen constraints

March 14, 2023 | 17:00

To address issues of transparency and investor protection, the government has issued a new decree that introduces several key changes to the regulatory framework for corporate bonds in Vietnam.

Clear bond regulations can be stepping stone for industry

March 14, 2023 | 10:00

The new Decree No.08/2023/ND-CP will lay a concrete foundation in Vietnam for the legal corridor to put constraints on the corporate bond market. To start with, it establishes a legal framework for issuers to consent to the modification of certain provisions of the bond, particularly maturity date extensions.

Restoring confidence at centre of bond provisions

March 01, 2023 | 14:18

The newly introduced alternatives to a corporate bond decree are envisaged to lay a foundation for issuers to address their difficulties, relieve liquidity strains, and gradually restore investor confidence.

Growing bond market illustrating bad debt snags

December 13, 2022 | 18:39

While the bad debt market in Vietnam is still in its infancy and positive conditions have converged, stronger steps need to be taken.

Large bond investment funds' NAV hit three-year low

November 21, 2022 | 12:15

The Vietnamese financial market has experienced a bumpy road since the beginning of 2022 due to violations in the issuance and trading of corporate bonds of large corporations such as Tan Hoang Minh and Van Thinh Phat. The confidence of investors is at such a low level that many are willing to sell corporate bonds at any cost to collect money at a high discount.

Message from government about resolving corporate bond issue

November 14, 2022 | 16:14

The Government has issued Resolution 143/NQ-CP of its regular meeting in October.

Safely navigating choppy bond markets

October 20, 2022 | 08:00

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.