May 16, 2022
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||2.300||0.0||▲ 13.7||▲ 150.0|
|5 Year||2.605||▼ 4.5||▲ 16.2||▲ 162.5|
|10 Year||3.343||▼ 7.1||▲ 11.5||▲ 104.3|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|VND per USD||23,085.000||▲ 0.0||▼ 0.6||▼ 1.1|
|VND per JPY||178.732||▼ 0.0||▼ 1.5||▲ 9.9|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D VNIBOR||1.850||▲ 21.7||▲ 39.0||▲ 63.3|
|3M VNIBOR||2.500||▲ 1.7||▲ 19.0||▲ 46.7|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Refinancing Rate||4.000||▼ 50.0||0.0|
* Policy rate changes are expressed in basis point change.
|Regional Rating Institutions|
|Non-Regional Rating Institutions|
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region''''s bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The ASEAN+3 Bond Market Guide 2018 Viet Nam is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Viet Nam. View Report
|* Download previous issues PDF|
Viet Nam’s local currency bond market grew 9.8% quarter-on-quarter (q-o-q) to reach VND2,089.1 trillion (USD91.5 billion) at the end of December. The growth was driven by both government and corporate bonds, with outstanding bonds in these segments increasing 5.3% q-o-q and 22.7% q-o-q, respectively, which in both cases was a faster growth rate than in the previous quarter. Outstanding government bonds and corporate bonds comprised 71.3% and 28.7% of the bond market, respectively, at the end of December 2021.
Corporate bond issuance in Viet Nam jumped 30.8% q-o-q in the fourth quarter of 2021 to VND123.4 trillion as more firms turned to the bond market to raise funds. The largest debt issuers during the quarter were mainly from the property sector, led by Thai Son-Long An JSC with a single VND4.6 trillion issuance.
In November, the State Bank of Viet Nam issued Circular No. 16/2021/TT-NHNN on regulating the purchase and sale of corporate bonds by credit institutions and foreign bank branches. Corporate bonds must satisfy the following conditions before a transaction can proceed: (i) issued in accordance with the law, (ii) denominated in Vietnamese dong; and (iii) under the legal ownership of the seller and not yet mature for principal and interest payment. The seller must also confirm that corporate bonds are not in dispute; are permitted for transactions under law; and are not in a state of being traded with a term, discounted, or rediscounted. Corporate bond issuance in the following cases is prohibited: (i) to restructure debts of the bond-issuing enterprise, (ii) to contribute capital or purchase shares at another enterprise, and (iii) to raise working capital. A credit institution may purchase corporate bonds only when its nonperforming loan ratio is under 3%.
|Vingroup issues $525 million bonds on international market in May||Viet Nam News||2022-05-06|
|Investment funds and banks strongly buy VietinBank’s bonds||Intellasia.net||2021-10-05|
|Vinpearl issues world’s first exchange sustainable bond worth US$425 million||Hanoi Times||2021-09-30|
|Novaland raises $300m from international convertible bonds, lists in Singapore||Intellasia||2021-07-12|
|Tiki raises $43.5 million via corporate bonds||Intellasia||2021-06-29|