January 16, 2020
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||1.100||▼ 14.2||▼ 38.9||▼ 59.0|
|5 Year||1.690||▲ 1.4||▼ 16.2||▼ 33.5|
|10 Year||2.880||▼ 8.8||▼ 23.2||▼ 53.6|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|VND per USD||23,175.000||0.0||0.0||▼ 0.0|
|VND per JPY||210.376||▲ 0.2||▲ 0.6||▲ 1.4|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D VNIBOR||1.375||▲ 65.5||▲ 37.5||▼ 15.0|
|3M VNIBOR||3.550||▼ 15.0||▼ 33.3||▼ 47.5|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Refinancing Rate||6.000||▼ 25.0||▼ 25.0|
* 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 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|
Viet Namís local currency (LCY) government bond yield curve shifted downward between 31 August and 15 October. The downward yield movement was driven largely by a policy rate cut by the State Bank of Vietnam (SBV) on 13 September. Unlike other central banks in the region, the SBVís move was largely in response to easing monetary policies in advanced economies as opposed to declines in domestic growth. The SBV also noted that the domestic economy remains stable with inflation controlled.
Viet Nam continued to have the smallest LCY bond market in emerging East Asia, with outstanding bonds of VND1,277.7 trillion (USD55.1 billion) at the end of September. The overall growth of the LCY bond market accelerated to 3.4% quarter-on-quarter in the third quarter of 2019 from 2.6% quarter-on-quarter in the second quarter. On a year-on-year basis, total bonds outstanding grew 1.9%. The outstanding stock of LCY government bonds climbed to VND1,172.5 trillion and corporate bonds reached VND105.2 trillion at the end of September. †
In August, the State Treasury announced its plan to issue VND70 trillion worth of government bonds in the third quarter of 2019. The issuance plan comprises (i) 5-year Treasury bonds worth VND4 trillion, (ii) 7-year Treasury bonds worth VND2 trillion, (iii) 10-year Treasury bonds worth VND27 trillion, (iv) 15-year Treasury bonds worth VND26 trillion, (v) 20-year Treasury bonds worth VND6 trillion, and (vi) 30-year Treasury bonds worth VND5 trillion. The volume of issuance, however, may be adjusted subject to market conditions and the funding needs of the government.
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