Vietnam has the highest growth in government bonds in the region.
On June 4 in Hanoi, the Asian Development Bank (ADB) assessed that Vietnam is the country in the region with the highest growth rate of the government bond market compared to the same period last year.
The Asian Development Bank (ADB) has released its latest Asia Bond Monitor, which shows that local currency bond markets in emerging East Asian economies grew 12.1 percent year-on-year to $6.7 trillion at the end of March 2013, driven by double-digit growth in corporate bonds.
The Asia Bond Monitor quarterly report assesses the bond markets in China; Hong Kong, China; Indonesia; Korea; Malaysia; Philippines; Singapore; Thailand and Vietnam.
According to ADB, Vietnam is the country in the region with the highest growth rate of government bond market compared to the same period last year with a growth rate of 64.6%, reaching a value of 29 billion USD due to the increase in issuance of treasury bills, central bank bonds and bonds of state-owned enterprises. In contrast, the corporate bond market in Vietnam decreased by 47.2% to 1 billion USD.
The report found that foreign investors’ holdings of local currency-denominated government bonds in emerging East Asian economies continued to rise in the first quarter as yields on these bonds remained more attractive than in many markets in Europe and the US and as Asia’s creditworthiness was on par, if not better, than that of developed economies.
According to Dan Viet -TH
