Sunday, July 22, 2018 12:21:52 AM - Markets open
VN-INDEX 933.39 -10.58/-1.12%
HNX-INDEX 107.62 +2.03/+1.93%
UPCOM-INDEX 50.55 -0.03/-0.07%
Nearly $850m raised from Gov’t bonds in January
VietnamPlus - 2/5/2018 10:09:18 AM
 (0 ratings. You must sign in to rate.)
According to the Ha Noi Stock Exchange (HNX), which organised the auctions, 97.3 per cent of G-bonds offered at the auctions were sold out.
 
The coupon rates were 4.30 per cent a year for five-year term bonds, 4.35 per cent for seven-year term bonds and 4.38 to 5.15 per cent for 10-year term bonds. The rates for 15-year term bonds were 4.5-5.2 per cent a year, while those for 20-year term bonds and 30-year term bonds were 5.2 per cent a year and 5.4 per cent a year, respectively.
 
Compared to late 2017, the rates were lower for all terms, ranging from 0.22-0.82 per cent.
 
In the secondary market, the total volume of G-bonds sold by the outright method reached more than 1.06 billion, worth VND118 trillion ($5.2 billion), up 4.3 per cent in value over December 2017.
 
Trading volume through repurchase agreements was 1.15 billion bonds, worth more than VND118 trillion, a decrease of 2.6 per cent in value compared to the previous month.
 
Foreign investors also made outright purchases of more than VND8.9 trillion and outright sale transactions of VND8.1 trillion. They made repo buys of over VND220 billion and repo sales of over VND247 billion in the first month of this year.
 
The National Financial Supervisory Commission predicted that the G-bond market in 2018 will see modest change against last year, thanks to the economic growth of more than 6.7 per cent and inflation of below 4 per cent.
 
The value of G-bonds issued in 2018 is estimated at some VND180 trillion ($7.93 billion), with the focus being on long-term maturity and keeping the interest rate at low levels.
 
G-bonds worth VND159.9 trillion ($7.04 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year. The bonds had an average interest rate of some 6.07 per cent a year, down 0.2 percentage points against 2016, the Ministry of Finance reported.
 
In 2017, the Government had approved a roadmap for the development of the bond market from 2017 to 2020 with a vision for 2030, in which the outstanding debt in Viet Nam’s bond market is targeted at 45 per cent of the total gross domestic product (GDP) in 2020 and some 65 per cent of the GDP in 2030.
 
Under the plan, the outstanding debt of the G-bond, Government-guaranteed bond and municipal bond markets is aimed at some 38 per cent of the total GDP in 2020 and 45 per cent in 2030. The corporate bond market’s outstanding debt is expected to reach some 7 per cent of the GDP in 2020.
 
The roadmap aims at stable development, larger size and better quality of Viet Nam’s bond market, which should have more diverse products, proactively integrate into the global market and gradually operate in line with international standards and practices.
 
For this, Viet Nam is set to complete its policy framework for the bond market, develop the primary and secondary markets, diversify investors and facilitate intermediary institutions and market services.
 
Read original article here
Newer News
07/07 Over 2.8 trillion VND raised from G-bonds
06/06 Ministry to auction stake at Bach Dang Construction Corporation
04/06 Over 11 trillion VND raised via G-bond auctions in May
01/06 Low interest rate slows G-bond sales
24/05 Over 1.6 trillion VND raised from Gov’t bonds
03/05 MoIT continues to cut administrative procedures
27/02 SCIC to sell Maritime Bank’s shares second time
Older News
27/01 Govt gets VND4.17 trillion from PV Oil stake sale
19/01 SCIC’s pre-tax profit rises 33 percent
09/01 Vietnam’s public debt stands at 61.3% in 2017
01/12 Vietnam Aims to Raise $4.8 Billion Selling Stake in Brewer
01/12 Ministry targets US$5 billion from sale of Sabeco stake
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:10:36 PM
VN-INDEX 933.39 -10.58/-1.12%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.