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Close of June 27, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 1.883 | 0.0 | ▲ 0.8 | ▲ 32.6 |
5 Year | 1.981 | ▲ 1.7 | ▲ 1.6 | ▲ 44.8 |
10 Year | 2.780 | ▼ 1.0 | ▲ 2.8 | ▲ 54.3 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
VND per USD | 25,456.000 | ▲ 0.0 | ▼ 0.0 | ▼ 4.9 |
VND per JPY | 158.348 | ▼ 0.0 | ▲ 1.1 | ▲ 8.0 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D VNIBOR | 3.000 | ▲ 56.7 | ▼ 27.5 | ▲ 4.0 |
3M VNIBOR | 4.825 | ▲ 15.8 | ▲ 5.8 | ▲ 179.2 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
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Policy Rates | Latest Rate (16-Jun-2023) |
Previous Rate (23-May-2023) |
YTD Rate |
|
Refinancing Rate | 4.500 | ▼ 50.0 | 0.0 | |
* Policy rate changes are expressed in basis point change. |
Agency | Rating | Outlook | Date | |
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Regional Rating Institutions | ||||
R&I | BB | stable | 2019-05-17 | |
RAM | BB3 | positive | 2019-08-27 | |
Non-Regional Rating Institutions | ||||
Fitch | BB+ | stable | 2023-12-08 | |
S&P | BB+ | stable | 2023-06-15 | |
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 | ||||
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Between 1 March and 31 May, local currency (LCY) government bond yields in Viet Nam rose for all tenors. Bond yields increased an average of 56 basis points due to the United States Federal Reserve's delay in cutting its policy rate and rising domestic inflation. Viet Nam's year-on-year consumer price inflation inched up to 4.44% in May from 4.40% in April, edging closer to the government's 2024 ceiling of 4.50%. The May inflation reading was the highest level since January 2023.
LCY bond market growth rebounded in the first quarter (Q1) of 2024, with bonds outstanding reaching a size of VND2,860.1 trillion. Outstanding treasury and other government bonds grew 3.3% quarter-on-quarter (q-o-q) by the end of Q1 2024 on increased issuance while corporate bonds outstanding contracted 0.9% q-o-q due to a large number of maturities and a low volume of issuance during the quarter. Total LCY bond issuance fell 36.7% q-o-q in Q1 2024 on lower issuance from corporates and central bank.
The sustainable bond market in Viet Nam comprises green bonds and sustainable bond instruments issued solely by corporates and mostly carrying short-term tenors. More than half of the sustainable bond stock comprised sustainability bonds carrying maturities of 3 years or less, and the remaining 46.6% were green bonds. Foreign-currency-denominated instruments comprised over 70.0% of the economy's total sustainable bonds at the end of March.