|LCY bonds to GDP ratio =||Total amount of LCY bonds outstanding||x 100|
|Annualized Nominal GDP|
This indicator shows the size of local currency (LCY) bond obligations as a percentage of nominal GDP. Sub-ratios are computed for the government bond market and corporate bond market. Government bonds include obligations of the central government, local governments, the central bank, and state-owned entities. Corporates comprise both public and private companies, and include financial institutions. Bonds are defined as long-term bonds and notes, treasury bills, commercial paper, and other short-term notes.
1. The bonds of state-owned entities are categorized as government bonds.
2. Nominal GDP is from the CEIC Data Company Ltd. ; End-of-period exchange rates are from Bloomberg, LP.
Vietnam Bond Market Association and Bloomberg LP.