Vietnam’s bonds outstanding hits over $108 bln by end of September

The ADB reported that the resumption of the State Bank of Vietnam's issuance of central bank securities increased the economy's local currency bond market by 3.9 percent from the previous quarter.

According to the bank, growth in government bonds was driven by a low volume of maturities and a decrease in issuance during the quarter. Corporate bonds contracted 3.1 percent quarter-on-quarter due to the large volume of maturities in the third quarter of 2023.

Government bond yields in Vietnam rose across all tenors between September 1 and November 10, owing to rising inflation and the United States Federal Reserve's decision to keep interest rates high for an extended period.

Consumer price inflation increased from 2.1 percent year on year in July to 3.6 percent year on year in October, falling short of the government's 4.5 percent target for the entire year 2023.

Sustainable bonds outstanding in ASEAN plus China, Japan, and the Republic of Korea (ASEAN+3), which are used to finance projects and programs with positive environmental and social impacts, reached $734.1 billion at the end of September, following robust issuance of $57.3 billion in the third quarter. 

ASEAN+3 accounted for 36.3 percent of total global sustainable bond issuance in the third quarter of 2023, making it the world's second largest regional sustainable bond market. ASEAN markets contributed 7.4 percent of the total ASEAN+3 issuance.

Source: VGP