G-bonds worth over 7 billion USD issued in 2017
G-bonds in 2017 had an average interest rate of some 6.07 percent per year, down 0.2 percentage points against 2016.
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.
The bonds had an average
interest rate of some 6.07 percent per year, down 0.2 percentage
points against 2016.
The National Financial
Supervisory Commission forecast that the G-bond market in 2018 would see modest
change thanks to the economic growth of more than 6.7 percent and inflation of
below 4 percent.
The value of
G-bonds issued in 2018 is estimated at some 180 trillion VND, with the focus being on
long term maturity and keeping the interest rate at low
The Government in 2017
approved the roadmap for the development of the bond market
from 2017 to 2020 with a vision for 2030, in which the
the outstanding debt in Vietnam’s bond market is targeted at 45 percent of the total GDP in 2020
and some 65 percent of the GDP
Under the plan, the
outstanding debt of the Government bond, Government-guaranteed bond and
municipal bond market is aimed at some 38 percent
of the total GDP in 2020 and 45 percent in 2030. The corporate bond
market’s outstanding debt is expected to reach some 7 percent
of the GDP in 2020.
The roadmap aims for stable
development, larger size and better quality of Vietnam’s bond market,
which should have more diverse products, proactively integrate into the global
market, and gradually operate, in line with international standards and
For this, Vietnam 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.-VNA