Government bonds reverse Vietnam's dependence on foreign loans
The proportion of foreign loans in public debts shrank from 73.6% in 2010 to 34.8% in 2021.
The proportion of foreign loans in public debts shrank from 73.6% in 2010 to 34.8% in 2021.
After completing moving stocks to the Ho Chi Minh City Stock Exchange (HoSE), the one in Hanoi (HNX) would be responsible for government bond transactions and management of the derivatives market.
As of December 31, 2020, the total value of G-bonds reached more than VND1,350 trillion (US$58.55 billion), up 17.39% year-on-year.
This growth was supported by expansion in both the government and corporate bond segments, stated the ADB.
This is mainly due to the government bond segment growing 10.5% quarter-on-quarter in the first quarter, to reach US$53.3 billion.
The government bond market decreased by 3.9% quarter-on-quarter in local currency terms to US$49.2 billion at the end of December 2019.
In 2021, Vietnam strives to have its government bond included in global recognized bond indices such as JP Morgan, Bloomberg Barclays, Citi World Government.