MoF urges stricter control over risky corporate bonds in Vietnam

MoF urges stricter control over risky corporate bonds in Vietnam

The Ministry of Finance (MoF) has tightened control over risky corporate bond issuance.
Putting corporate bond market in the right track

Putting corporate bond market in the right track

The corporate bond market is going in the right direction after the government has tightened control over market performance, yet risks are still looming.
Corporate bond rush heads for slowdown

Corporate bond rush heads for slowdown

With Vietnamese regulators’ efforts to minimise the risks of corporate bonds’ mass issuance, the landscape is predicted to be cooled down compared to a frenzy of debt instruments in the previous period.
Impressive 2020 for Vietnam’s corporate bond market

Impressive 2020 for Vietnam’s corporate bond market

Following uptrends in recent years, corporate bond issuance volume set another record, according to preliminary data from FiinGroup, a Vietnamese provider of financial data and business information.
Corporate bond arena sharpens up for banks

Corporate bond arena sharpens up for banks

Vietnamese lenders are ramping up their presence in the corporate bond landscape by issuing bonds and also purchasing a large amount of this debt instrument. Notwithstanding, the local authorities have warned banks that have bought corporate bonds for the purpose of debt restructuring or stake purchasing may be at significant default risk.
Clearing path for safer corporate bond market

Clearing path for safer corporate bond market

The Vietnamese corporate bond market, largely dominated by real estate providers, may become a hotbed of non-performing loans as it is set to adopt greater transparency following decree alterations.
Meeting expectations of the corporate bond market

Meeting expectations of the corporate bond market

A new government decree tightens conditions on the issuance of corporate bonds. However, before the decree came into effect, enterprises flooded the market with new issuances.
Spurring prudent development of domestic corporate bond market

Spurring prudent development of domestic corporate bond market

After years of sluggish growth, Vietnam’s corporate bond market has blossomed. Issuances grew at a compound annual growth rate of 40 per cent between 2012 and 2019, and outstanding issuances amounted to around 11.5 per cent of Vietnam’s GDP – the fourth-highest in ASEAN, and further gains are likely.
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.
Corporate bond bonanza shaking up local market

Corporate bond bonanza shaking up local market

Despite lingering risks, fears of an economic downturn, and low interest rates, there has been  a windfall of corporate bonds issuance, with property providers and financial institutions the most active.
Corporate bond activity welcome as market shocks persist unabated

Corporate bond activity welcome as market shocks persist unabated

The recent skyrocketing demand for corporate bonds, fuelled by lowered interest rates and ebb and flow of the economy, has raised questions of high-yield coming with high risks.
Corporate bond issuance rises in eight months, transparency still biggest concern

Corporate bond issuance rises in eight months, transparency still biggest concern

A total of VND117 trillion (US$5.03 billion) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.
New law paves way for stronger bond market

New law paves way for stronger bond market

Decree 01/2011/ND-CP on issuing sovereign bonds, government-guarantee debts and local governance debts will take effect from February 20, 2011, and it is expected to boost the development of Vietnam’s bond market.