January 22, 2021
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||0.400||0.0||▼ 10.0||0.0|
|5 Year||1.100||▲ 6.0||▲ 5.0||▼ 20.0|
|10 Year||2.180||▼ 4.0||▼ 10.0||▼ 43.0|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|VND per USD||23,074.000||▼ 0.0||▼ 0.0||▲ 0.1|
|VND per JPY||222.336||▲ 0.3||▼ 0.1||▲ 0.6|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|1D VNIBOR||0.081||▼ 0.2||▲ 0.1||▼ 0.5|
|3M VNIBOR||0.988||▼ 1.2||▼ 17.6||▼ 10.0|
* Interest rate changes are expressed in basis point change.
|Policy Rates||Latest Rate
|Refinancing Rate||4.000||▼ 50.0||0.0|
* 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 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|
The yields of local currency (LCY) government securities in Viet Nam fell across the curve between 31 August and 30 October. Yields on bonds with 1-year and 2-year maturities dropped 14 basis points (bps) and 10 bps, respectively, while yields on bonds with tenors from 3 years to 15 years had larger declines ranging from 31 bps to 50 bps. A low-interest-rate environment and abundant liquidity in the financial system, as a result of the State Bank of Vietnam's accommodative monetary policy stance, and easing inflation drove the downward movement of the yield curve.
Viet Nam's LCY bond market grew 11.6% quarter-on-quarter (q-o-q) in the third quarter, recovering strongly from a decline of 1.4% q-o-q in the second quarter. Total bonds outstanding registered VND1,514.3 trillion (USD65.3 billion) at the end of September, supported by the government segment which grew 9.1% q-o-q on the back of increased issuance from the State Treasury, and by the corporate segment which expanded 26.9% q-o-q. On an annual basis, LCY bonds outstanding increased 17.0% year-on-year. The LCY bond market comprised 83.8% government bonds and 16.2% corporate bonds.
On 14 August, the Ministry of Finance issued Circular No. 77/2020/TT-BTC to provide guidance on its existing decrees, Decree No. 81/2020/ND-CP and Decree No. 163/2018/ND-CP, on the provision of bond issuance information in the domestic market. In particular, the circular guides the (i) information disclosure regime of bond issuers; (ii) information disclosure on the corporate bond website; and (iii) reporting regime of the stock exchange, corporate bond issuance consulting organizations, and bond depository organizations.
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