Prime Minister Nguyen Tan Dung » Economics » ADB: Vietnam’s bond market grows fastest in Q2

(Economics) - Vietnam had the fastest growing bond market over the second quarter of 2012, according to the Asian Development Bank’s (ADB) Asia Bond Monitor, released on September 10.

Illustrative image (Source: Internet)

Illustrative image (Source: Internet)

The quarterly Asia Bond Monitor assesses the bond markets in China, Hong Kong, Indonesia, the Republic of Korea, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

By the end of June, 455.9 trillion VND (21.8 billion USD), in outstanding dong-denominated bonds had been purchased, 10.5 percent more than the figure at the end of March and 28.5 percent more than that the end of June 2011, the report said.

The growth in Vietnam’s market was driven by a 42 percent growth in treasury bonds and the resumption of the State Bank of Vietnam issuing bills in March.

This was partly offset by a 4.4 percent year-on-year contraction in State-owned enterprise bonds and an 8.7 percent drop in corporate bonds.

Thailand, Singapore and Malaysia were the next fastest growing on an annual basis, up by 17.7 percent, 15.8 percent and 15.0 percent, respectively.

Source VNA