G-bonds worth 159.9 trillion VND (7.04 billion USD) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year, according to the Ministry of Finance.
G-bonds in 2017 had an average interest rate of some 6.07 percent per year, down 0.2 percentage points against 2016. (Photo: thoibaotaichinh.vn)
Hanoi (VNA) - G-bondsworth 159.9 trillion VND (7.04 billion USD) and havingan average maturity of 13.52 years, up 4.81 years against 2016, wereissued last year, according to the Ministry of Finance.
The bonds had an averageinterest rate of some 6.07 percent per year, down 0.2 percentagepoints against 2016.
The National FinancialSupervisory Commission forecast that the G-bond market in 2018 would see modestchange thanks to the economic growth of more than 6.7 percent and inflation ofbelow 4 percent.
The value ofG-bonds issued in 2018 is estimated at some 180 trillion VND, with the focus being onlong term maturity and keeping the interest rate at lowlevels.
The Government in 2017approved the roadmap for the development of the bond marketfrom 2017 to 2020 with a vision for 2030, in which thethe outstanding debt in Vietnam’s bond market is targeted at 45 percent of the total GDP in 2020and some 65 percent of the GDPin 2030.
Under the plan, theoutstanding debt of the Government bond, Government-guaranteed bond andmunicipal bond market is aimed at some 38 percentof the total GDP in 2020 and 45 percent in 2030. The corporate bondmarket’s outstanding debt is expected to reach some 7 percentof the GDP in 2020.
The roadmap aims for stabledevelopment, larger size and better quality of Vietnam’s bond market,which should have more diverse products, proactively integrate into the globalmarket, and gradually operate, in line with international standards andpractices.
For this, Vietnam is set tocomplete its policy framework for the bond market, develop the primary andsecondary markets, diversify investors, and facilitate intermediaryinstitutions and market services.-VNA
The Vietnam State Treasury successfully mobilised 2.1 trillion (92.5 million USD) through Government bond auctions at the Hanoi Stock Exchange (HNX) on October 11.
Many securities companies have opted to issue corporate bonds to raise capital to finance their margin lending service, following upbeat forecasts for the market in 2018.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.