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Viet Nam’s local currency bond market expanded during the third quarter of this year. — Photo baotintuc.vn Viet Nam’s local currency bond market expanded during the third quarter of 2019, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor. The issue shows that at the end of September, Viet Nam had US$55.1 billion in paper outstanding, 3.4 per cent higher on-quarter and 1.9 per cent higher on-year in local currency terms. This expansion was due mainly to a 4 per cent on-quarter growth in Government bonds to $51.0 billion as the State Bank of Viet Nam increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8 per cent contraction on-quarter in the corporate bond market to $5 billion. The corporate bond market still posted growth of 4.2 per cent year-on-year. Viet Nam is one of emerging East Asia bond markets. Others comprise China, Hong Kong, … [Read more...] about Viet Nam bond market grows in Q3

Prime Minister Nguyễn Xuân Phúc had talks with US Secretary of Defence Mark Esper on Wednesday in Hà Nội. — VNA./VNS Photo Thống Nhất HÀ NỘI — Việt Nam highly values its comprehensive partnershipwith the US, considering it one of the country’s most important partners, Prime Minister Nguyễn Xuân Phúc told visiting US Secretary of Defence Mark Esper during a reception in Hà Nội yesterday. The US Defence Secretary’s visit to Việt Nam, from November 19-21, aims to realise co-operation agreements in national defence between the two countries, contributing to enhancing friendship and understanding between their armies and people. During their talks, the Vietnamese PM spoke highly of the talks between Vietnamese Defence Minister Ngô Xuân Lịch and the US official, as well as the results of bilateral defence ties within the framework of the … [Read more...] about Việt Nam highly values comprehensive partnership with US: PM

  The domestic bond market of Việt Nam made US$52.9 billion in the second quarter of this year, marking a year-on-year increase of 2.6 per cent. – Photo Vietnamplus HÀ NỘI – Việt Nam’s local currency bond market grew 2.6 per cent to US$52.9 billion in the second quarter of this year, after a 0.7 per cent expansion in the first quarter. This information was part of the latest report of the Asian Development Bank’s (ADB) Asia Bond Monitor. The report shows Việt Nam’s growth was mainly on the back of the 3.2 per cent expansion of the Government bond market to $48 billion due to issuance of Treasury bonds and central bank bills. “The growth in the Government bond market offset the 3.4 per cent contraction of the corporate bond market during the second quarter of 2019 to $5 billion,” the report said. According to the report, emerging East Asia’s local currency bond market expanded steadily in the … [Read more...] about Việt Nam bond market continues growth

  Việt Nam’s local currency bond market expanded during the third quarter of this year. — Photo baotintuc.vn HÀ NỘI — Việt Nam’s local currency bond market expanded during the third quarter of 2019, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor. The issue shows that at the end of September, Việt Nam had US$55.1 billion in paper outstanding, 3.4 per cent higher on-quarter and 1.9 per cent higher on-year in local currency terms. This expansion was due mainly to a 4 per cent on-quarter growth in Government bonds to $51.0 billion as the State Bank of Việt Nam increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8 per cent contraction on-quarter in the corporate bond market to $5 billion. The corporate bond market still posted growth of 4.2 per cent year-on-year.    … [Read more...] about Việt Nam bond market grows in Q3

A rendering of the proposed Long Thanh International Airport in the southern province of Dong Nai, which is still in the preparation process, with the first stage set to be completed in 2025. — Photo courtesy of Airports Corporation of Viet Nam The booming aviation sector in Viet Nam needs investment from the private sector to ensure that it has adequate airport infrastructure for continued expansion, experts have said. With double-digit growth over the last five years, the sector is under pressure because of the rising number of airlines and aircraft now operating in the market. The five airlines that operate in Viet Nam are Vietnam Airlines, VietJet Air, Jetstar Pacific Airlines, Vasco and Bamboo Airways. However, Viet Nam will need about 10 airlines in the near future to meet demand, according to economists. Another airline, Vietstar Airlines, recently received approval from the Civil Aviation Authority of Viet Nam (CAAV) for an air operator’s certificate (AOC. CAAV has … [Read more...] about Aviation industry seeks private investment