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Vietnam - Bond Market in Domestic Currency Enjoys Fastest Growth in East Asia: ADB DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Vietnam - Bond Market in Domestic Currency Enjoys Fastest Growth in East Asia: ADB

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Vietnam - Bond Market in Domestic Currency Enjoys Fastest Growth in East Asia: ADB Empty Vietnam - Bond Market in Domestic Currency Enjoys Fastest Growth in East Asia: ADB

Post by lexie Wed Nov 30, 2011 4:14 pm

November 30, 2011

Bond Market in Domestic Currency Enjoys Fastest Growth in East Asia: ADB

Vietnam’s bond market in the dong grew the fastest in Q3/2011, mounting to $17 billion and up 22.2% on-year, the local newswire reported, citing the latest report of Asian Development Bank (ADB).

Of note, the country’s market for corporate bonds grew by 34.7% while that for government bonds expanded by 21.1%.

The bonds market in East-Asia region remained stable in Q3/2011, the report said, yet emphasized that the market would face increasing risks and challenges in the coming time.


Total value of bonds issued in Q3/2011 of the whole region mounted to $829 billion, up 7.6% from the previous quarter, yet down 19.9% on-year as central banks reduced bonds sale volume to offset the foreign currency inflows. Corporate bonds issued during the period also fell by 24.4% YoY.

As of late September, total value of floating bonds in the region reached $5.5 trillion, up 5.5% over the same period last year, compared to an on-year rise of 7.6% as at end-Q2/2011.




http://www.vietfinancenews.com/2011/11/bond-market-in-domestic-currency-enjoys.html#more


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