October 12, 2018
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||4.188||▼ 7.5||▲ 4.0||▲ 28.8|
|5 Year||4.525||0.0||▲ 9.2||▲ 16.5|
|10 Year||5.075||0.0||▲ 3.7||▼ 12.9|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|VND per USD||23,345.000||0.0||0.0||▼ 2.9|
|VND per JPY||208.047||▲ 0.0||▼ 1.3||▼ 3.3|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D VNIBOR||2.740||▼ 6.0||▲ 4.0||▲ 154.0|
|3M VNIBOR||4.140||▼ 6.0||▲ 12.6||▼ 22.7|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
* 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 regionís 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.
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 previous issues PDF|
Between 1 June and 15 August, local currency (LCY) government bond yields in Viet Nam climbed for all tenors, shifting the entire curve upward. The overall rise in yields was reflective of strong economic growth posted in the first half of the year. In addition, the State Bank of Vietnam has engaged in open market operations to rein in inflation and stabilize the value of the Vietnamese dong.
Viet Namís LCY bond market was the sole market in emerging East Asia that posted a quarter-on-quarter (q-o-q) †contraction in bonds outstanding in the second quarter of 2018. At the end of June, the LCY bond marketís size †stood at VND1,173.2 trillion, which was down 1.4% q-o-q and reversed a 10.8% q-o-q hike in the first quarter of 2018. At the end of June, the outstanding amount of LCY government bonds slipped to VND1,096.0 trillion while the outstanding amount of corporate bonds climbed to VND77.3 trillion. †
In June, the State Bank of Vietnam issued a regulation that restricts the purchase of corporate bonds by banking institutions, including foreign banks. Under the regulation, credit institutions and foreign bank branches are required to conduct an internal credit scoring and rating of corporate bonds that they plan to purchase. Also, internal management regulations are required to be made for evaluating bond investments, particularly for corporate bonds issued to finance projects in potentially risky areas. Credit institutions and foreign bank branches are also prohibited from purchasing corporate bonds that are issued to fund corporate debt restructuring. This law came into effect in August.
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