December 14, 2018
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||4.305||▲ 2.2||▲ 2.5||▲ 40.5|
|5 Year||4.568||▲ 0.5||▼ 4.0||▲ 20.8|
|10 Year||5.168||▲ 1.3||▲ 1.3||▼ 3.6|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|VND per USD||23,289.000||▲ 0.0||▲ 0.1||▼ 2.6|
|VND per JPY||205.388||▼ 0.2||▲ 0.7||▼ 2.0|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D VNIBOR||4.410||▼ 14.0||▲ 6.0||▲ 321.0|
|3M VNIBOR||4.880||▼ 7.0||▲ 11.3||▲ 51.3|
* 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|
Local currency (LCY) government bond yields in Viet Nam declined for all tenors between 31 August and 15 October, resulting in a downward shift of the yield curve. The decline in interbank rates drove yields lower during the review period. The State Bank of Vietnam is expected to keep interest rates steady for the rest of the year to support economic growth, and opts to use other monetary tools to curb inflation. The central bank has been engaging in open market operations to manage liquidity and intervening in the foreign exchange market to stabilize the VNDĖUSD exchange rate.
The size of Viet Namís LCY bond market climbed to VND1,232.4 trillion at the end of September, up 5.0% quarter-on-quarter (q-o-q) and 15.7% year-on-year (y-o-y). Viet Namís growth rates were the third-fastest in emerging East Asia on a q-o-q basis and the fastest on a y-o-y basis, albeit coming from a low base. At the end of September, the aggregate size of the LCY government bond market reached VND1,152.8 trillion on growth of 5.2% q-o-q and 14.7% y-o-y. The outstanding amount of LCY corporate bonds rose to VND79.5 trillion at the end of September, posting a 2.9% q-o-q and 31.6% y-o-y expansions in Q3 2018.
In October, the State Treasury lowered its bond issuance plan for 2018 to VND175 trillion from VND200 trillion as originally planned. The breakdown of issuance volume for each maturity is as follows: (i) 5-year bonds at VND31 trillion, (ii) 7-year bonds at VND11 trillion, (iii) 10-year bonds at VND64 trillion, (iv) 15-year bonds at VND51 trillion, (v) 20-year bonds at VND9 trillion, and (vi) 30-year bonds at VND9 trillion.
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