Vietnam’s G-bond yield curves shift downward sharply: ADB
HCMC – The government bond yields in Vietnam have dropped across all tenors from March to June, resulting in the largest downward shift in the country’s bond yield curve among Asian nations, with an average decline of 136 basis points. According to the Asian Development Bank (ADB) report titled
SBV orders banks to review corporate bond trade
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, has told banks to make sure that their clients can fully understand the difference between bank deposits and investments in corporate bonds and fund certificates. The central bank has written to commercial banks telling them to
Central bank eases control over corporate bond buybacks
HCMC – The State Bank of Vietnam (SBV), the central bank, is providing much-needed support for the illiquid corporate bond market by making it easier for local banks and branches of foreign banks to buy back corporate bonds. On April 23, the SBV issued Circular 03/2023, suspending Clause 11,
Bad debt looms large for real estate
HCMC – Non-performing corporate bonds are looming large due to a high financial leverage ratio and negative cash flow of unlisted, cash-strapped real estate companies. A recent market report by the Vietnam Investors Service and Credit Rating Agency JSC (VIS Rating) indicated gloomy prospects for
Still on a mountain of debt
The Government’s Decree 08 and Resolution 33 have given a much-needed lifeline to cash-strapped real estate firms as the bonds they issued would fall due soon. However, analysts see the decree and resolution as a temporary solution, as bond issuers are still sitting on a mountain of debt. Due to
SBV tightens control on corporate bond acquisitions by banks
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, is taking steps to tighten control on commercial banks’ acquisitions of corporate bonds. The move comes after HCMC government officials asked the central bank to strengthen the monitoring of corporate bond purchases by commercial
Real estate firms resume issuing bonds
HCMC – Real estate businesses have issued nearly VND12 trillion worth of corporate bonds since Government Decree 08 came into effect on March 6. The decree enables corporate bond issuers to extend coupon payments by up to two years and swap debt for assets provided that they secure prior approval
Central bank inspect 11 banks
HCMC – The State Bank of Vietnam, the country’s central bank, has taken punitive measures against several of 11 commercial banks that have been inspected over matters related to investments in corporate bonds, the Vietnam News Agency reported. The central bank has conducted snap inspections into
VND17.7 trillion in corporate bonds to fall due this month
HCMC – The amount of corporate bonds falling due in March is VND17.7 trillion, triple the figure in the previous month, showed data from the Vietnam Bond Market Association. Of the total, the real estate sector accounted for 43%, at nearly VND7.7 trillion, the consumer goods sector 29% at VND5.1
Bond issuers allowed to extend coupon payments
HCMC – Debt-issuing organizations can extend coupon payments by up to two years and settle debt by assets, instead of cash, if they secure approval from bondholders, according to a new Government decree. Government Decree 08 was issued on March 5 to revise and supplement some regulations on
Confidence or greed?
For many people, the year 2022 is a bleak one, having incurred huge losses in stock or cryptocurrency trading. Unlike high-risk, high-return investments, there are people losing money despite expecting a reasonable rate of return because of their trust misplaced in a broker they have confided in.