Viet Nam
Market Watch
| Close of March 26, 2020 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 2.075 | ▲ 11.2 | ▲ 15.8 | ▲ 38.5 |
| 5 Year | 2.354 | ▲ 14.0 | ▲ 18.1 | ▲ 32.9 |
| 10 Year | 3.358 | ▲ 35.8 | ▲ 48.5 | ▼ 5.8 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| VND per USD | 23,636.000 | ▼ 0.2 | ▼ 1.1 | ▼ 2.0 |
| VND per JPY | 215.696 | ▼ 1.7 | ▼ 2.2 | ▼ 1.1 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 1D VNIBOR | 1.825 | ▼ 2.5 | ▼ 4.2 | ▲ 30.0 |
| 3M VNIBOR | 2.900 | ▼ 12.5 | ▼ 6.7 | ▼ 112.5 |
|
* Interest rate changes are expressed in basis point change. |
||||
Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (16-Mar-2020) |
Previous Rate (16-Sep-2019) |
YTD Rate |
|
| Refinancing Rate | 5.000 | ▼ 100.0 | ▼ 100.0 | |
|
* Policy rate changes are expressed in basis point change. |
||||
Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | BB- | stable | 2016-10-25 | |
| RAM | BB3 | stable | 2017-04-17 | |
| Non-Regional Rating Institutions | ||||
| Fitch | BB | positive | 2019-05-09 | |
| S&P | BB | stable | 2019-04-05 | |
NEWS HIGHLIGHTS
- Vietnam Fin Min proposes tripling fiscal stimulus package to US$3.4 billion
- Hanoi GRDP growth slows to record low of 3.72% on Covid-19
- Fresh FDI approvals up in three months
- COVID-19: Govt likely to announce economic package this week
- Banks cut interbank money transfer fees
Read full index for News and Commentary
BOND ISSUANCES
- Size of LCY Bond Market
- Size of LCY Bond Market in % of GDP
- Monthly Bonds Outstanding in USD
- FCY Bonds Outstanding
- Breakdown of LCY Bond Market Issuance
- G3 Currency Bond Issuance
- Government Securities Maturity Profile - LCY
- Corporate Securities Maturity Profile - LCY
- Investor Profile - Government Bonds
- Foreign Holdings in LCY Government Bonds
- Trading Volume
- Bonds Turnover Ratio
- Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
- Yield Volatility - 10yr LCY Bonds
- Bid-Ask Spreads (Survey data)
- Government Bond Market Structural Issues
- Corporate Bond Market Structural Issues
ASEAN+3 Bond Market Guide
ASEAN+3 Bond Market Guide 2018: Viet Nam
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.
Download Report
ASEAN+3 Bond Market Guide 2012: Viet Nam
Published by the ASEAN+3 Bond Market Forum (ABMF) in collaboration with the ADB as its secretariat, the two-volume guide contains detailed information on bond market infrastructure; transaction flows, including information on matching, settlement cycles, and numbering; and the regulatory framework and market practices in the Hong Kong, China.
Download Report
| * Download previous issues PDF | ||||
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Market Summary
Size and Composition
The size of Viet Nam's local currency bond market slipped to VND1,241.1 trillion (USD53.6 billion) at the end of December, down 3.9% quarter-on-quarter (q-o-q) but up 4.1% year-on-year. Both the stocks of government and corporate bonds contracted on a q-o-q basis.
Corporate Bond Issuance
New LCY corporate debt issuance totaled VND1.7 trillion in Q4 2019 on declines of 44.8% q-o-q and 86.3% year-on-year.
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1 - 20 of 496 results
- Vietnam Fin Min proposes tripling fiscal stimulus package to US$3.4 billion
Hanoi Times
2020-03-27 - Fresh FDI approvals up in three months
The Saigon Times
2020-03-27 - Hanoi GRDP growth slows to record low of 3.72% on Covid-19
Hanoi Times
2020-03-27 - COVID-19: Govt likely to announce economic package this week
Viet Nam News Net
2020-03-26 - Banks cut interbank money transfer fees
The Saigon Times
2020-03-26 - Exchange rate at March-end: Increasing pressure will not be large
Intellasia.net
2020-03-25 - Vietnam c.bank willing to sell forex as greenback soars
Hanoi Times
2020-03-24 - Hanoi waives taxes for enterprises hurt by Covid-19
Hanoi Times
2020-03-21 - Vietnam targets fiscal deficit at below 4% of GDP in 2020
Hanoi Times
2020-03-17 - Vietnam c.bank cuts policy interest rates after Fed's move
Hanoi Times
2020-03-17 - Vietnam to rely on macroprudential measures to soften Covid-19 economic shock: Fitch
Hanoi Times
2020-03-17 - COVID-19 Decimates Vietnamese Economy, Threatens Many Firms
Viet Nam News
2020-03-13 - Central bank to cut benchmark interest rate to aid the economy
Viet Nam News
2020-03-13 - Viet Nam sticks to poverty reduction targets
Viet Nam News
2020-03-11 - Foreign investors withdraw $147.7m in 20 days
Viet Nam News
2020-03-10 - VN-Index plunges 6.3 per cent on worst day in 19 years
Viet Nam News
2020-03-10 - State treasury earns $216.6m from bond sales
Viet Nam News
2020-03-10 - Viet Nam will beat COVID-19: PM
Viet Nam News
2020-03-10 - Support packages take effect, but need to be stronger
Viet Nam News
2020-03-09 - Epidemic causes credit growth to slow sharply
Viet Nam News
2020-03-06