ADB: VN’s bond currency market expands in Q3

VGP – As of the end of September this year, Viet Nam had US$55.1 billion in paper outstanding, 3.4% higher on-quarter and 1.9% bigger on-year in local currency terms.

November 22, 2019 2:29 PM GMT+7

Viet Nam’s local currency bond market expanded during the third quarter of 2019 as the East Asia’s local currency bond market posted steady growth during the period, according to the Asian Development Bank (ADB).

This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Viet Nam increased issuance of central bank bills.

The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. The corporate bond market still posted a growth of 4.2% year-on-year.

By Thuy Dung