This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year. Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion
At a meeting with voters on Tuesday, city Chairman Huynh Duc Tho confirmed that the Lien Chieu Port would be built in Da Nang Bay. The 220-hectare, VND32.86 trillion ($1.42 billion) port, expected to spearhead Da Nang’s logistics development, will be built below Hai Van Pass in central Vietnam. Lien Chieu will function as a gateway for cargo while Tien Sa, currently the only port in the city, will become a tourism port. Da Nang proposed the project in September 2018. But in November Singaporean consultancy consortium Sakae Corporate Advisory-Surbana Jurong recommended that the city should upgrade Tien Sa Port and not build a new one due to environmental concerns. Together with the existing 16-meter draught in the Tien Sa canal, the construction of Lien Chieu Port could disrupt water flow in the bay, it said. Besides, a large number of ships arriving in the bay could destroy its ecosystem and "Da Nang Bay could never be the same again," it warned. The consortium pointed out that … [Read more...] about Da Nang to ignore Singapore consultant warning, build new port
Other News Can Tho University poised to become think tank in Mekong Delta: JICA By Huynh Kim Wednesday, Nov 20, 2019,19:13 (GMT+7) Can Tho University poised to become think tank in Mekong Delta: JICABy Huynh Kim Officials from the Can Tho University and the Japan International Cooperation Agency attend the ground-breaking ceremony for construction of the Can Tho University Improvement Project on November 20 – PHOTO: HUYNH KIM CAN THO – An official from the Japan International Cooperation Agency (JICA) has expressed the belief that Can Tho University could become a think tank in education, scientific research and technology transfer in the Mekong Delta region. Located in the center of the Mekong Delta, the university is expected to become an “excellent institution of education, scientific research and technology transfer,” according to Murooka Naomichi, deputy chief representative of JICA Vietnam, … [Read more...] about Can Tho University poised to become think tank in Mekong Delta: JICA
Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?
Chairwoman of the Bac Ninh People's Committee Nguyen Huong Giang (R) hosts a reception for Finnish Ambassador Kari Kahiluoto (Photo: VNA) Bac Ninh (VNA) – Chairwoman of the People's Committee of the northern province of Bac Ninh Nguyen Huong Giang on November 20 hosted a reception for Finnish Ambassador Kari Kahiluoto, during which the two sides discussed the treatment of wastes. The foreign diplomat described the event as one of the practical activities aimed at pushing up the relations between the two countries. Over the recent past, Finland has been cooperating with Vietnam in general and Bac Ninh province in particular in various fields, especially waste treatment, the ambassador said, adding his embassy has been providing active support to the country’s firms in implementing projects in Vietnam, most recently the waste-to-energy plant in Bac Ninh’s Que Vo district. He expressed his hope that Bac Ninh leading officials will continue supporting and … [Read more...] about Finland helps Bac Ninh province in waste-to-energy technology