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
- Improving access to resources critical for SME development
- VN stocks struggle to find growth momentum amid disease, expected lower earnings
- MPI gives scenarios for economic growth amid the impact of coronavirus
- VN stocks soar thanks to large-cap purchases
- New consumer finance curbs to challenge business models: Fitch Ratings
- 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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| 2009 | Nov | Sep | ||
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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