Big investors to shift billions from bonds into stock markets

Government bond is an important source of revenue for the state budget and supports the development of the capital market. The Vietnam State Treasury (VST) is expected  to raise VND400 trillion (US$17 billion) by issuing Government bonds via auctions at the Hanoi Stock Exchange (HNX) in 2023. Government bonds remain a key source for the state budget. Photo: Viet Dung Under the plan, the agency is set to issue bonds worth VND108 trillion ($4.6 billion) in the first quarter of this year. This would include bonds with five to seven-year maturity of VND8 trillion (US$341.5 million), 10-year maturity of VND45 trillion (US$1.9 billion), 15-year maturity of VND45 trillion (US$1.9 billion), 20-year maturity of VND5 trillion (US$213.2 million) and 30-year maturity of VND5 trillion (US$213.2 million). VST noted adjustments may be made to stay in line with the actual situation of the market and Gov’t expenditure needs, especially the disbursement progress of public … [Read more...] about Vietnam State Treasury to raise US$17 billion through Gov’t bonds in 2023

The demand for Vietnam’s IP land rentals will sharply grow in 2023 thanks to policies promoting a return to investing in the Southeast Asian country. The industrial property segment is predicted to continue to be a bright spot in Vietnam’s real estate market in the coming years after reaching impressive growth in 2022, local insiders said. Benefiting from the ex isting land bank Many IP developers earn profit from developing IP projects. Photo: Cong Hung A recent report on the industrial real estate industry of VNDIRECT Securities predicted that by 2023, the net profit of listed IP developers is expected to grow by around 12% year-on-year. "We see more challenges for IP developers in the next two years due to the slow project approval process and limited funding sources. However, this is likely to turn into opportunities for developers that own ready-to-lease land banks, such as Becamex IDC Corporation (BCM)," the report noted. "We believe that … [Read more...] about Vietnam’s industrial property – promising segment in 2023

Vietnam set a target to earn US$393-394 billion in export revenue in 2023, up $22 billion or six percent over last year, said Phan Van Chinh, head of the Agency of Foreign Trade under the Ministry of Industry and Trade. At a conference on domestic production and consumption promotion and export market expansion held by the Ministry of Industry and Trade on Friday, Chinh said that the target is challenging as the local export sector has been facing many shortcomings, such as high but unsustainable growth and trade deficits with some large markets. To reach the target, the industry and trade sector should take measures to boost exports, and bilateral and multilateral cooperation activities to seek new markets and exploit the export potential of sectors in which Vietnam has advantages, Chinh added. In addition, it is essential to foster trade promotion in the domestic market and the distribution of goods via digital and e-commerce platforms to encourage consumption and develop … [Read more...] about Vietnam eyes up to $394bn in export revenue in 2023

Foreign Minister Bui Thanh Son (R) meets with his Philippine counterpart Enrique A. Manalo (Photo: VNA) Jakarta (VNA) - Foreign Minister Bui Thanh Son met with his Cambodian, Philippine and Malaysian counterparts on February 3 on the sidelines of the 32nd ASEAN Coordinating Council Meeting ( ACC-32 ) in Jakarta, Indonesia. During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimising the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. Foreign Minister Bui Thanh Son (L) and Cambodian Deputy Prime Minister and Foreign Minister … [Read more...] about FM meets Cambodian, Philippine, Malaysian counterparts