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Currency and interest rate fluctuations have had a detrimental impact on garment and textile exports.
It is the first local currency sustainability-linked bonds of Vietnam, issued by two subsidiaries of BIM Group, a multi-sector corporation in Vietnam.
Faster growth in both the government and corporate bond segments pushed Vietnam’s local currency bond market to reach $91.5 billion in the end of last year, up by 9.8 per cent from the third quarter of 2021.
While Covid-19 drags on local currency bond markets in emerging East Asia, the market still got a positive increase.
Moody's Investors Service has placed the Ba3 local and foreign currency issuer and senior unsecured ratings of the government of Vietnam under review for downgrade, which Vietnam's Ministry of Finance said is not convinced.
Vietnam Prosperity JSB (VPBank) has successfully issued $300-million 3-year notes to Asian and European investors within the context of its $1-billion Euro medium term note (EMTN) programme.
Moody’s Investors Service has assigned a (P)B1 long-term foreign currency senior unsecured rating to Vietnam Prosperity JSB (VPBank)’s $1 billion medium term note (MTN) program.
Moody’s Investors Service has announced B2 long-term local and foreign currency deposit ratings for Saigon - Hanoi Commercial Joint Stock Bank (SHB). The outlook on SHB’s long-term ratings is stable.
The first quarter saw the outstanding amount of local currency (LCY) corporate bonds reached some $4.34 billion, with growth declining 1.3 per cent quarter-on-quarter but rising 31.9 per cent year-on-year, according to ADB.
The Ministry of Foreign Affairs (MOFA) reaffirmed that Vietnam has never carried out a scheme nor had an intention to manipulate the local currency in a bid to gain a competitive advantage in international trade.
IFC's investment in VietinBank increased more than two times in local currency VND after seven years.
The Vietnamese government will have appropriate improvisation instead of floating the exchange rate under the context of escalating trade war between the U.S. and China, according to economic experts.
According to the draft circular of the State Bank of Vietnam (SBV), non-resident foreigners can deposit savings in both local and foreign currency at commercial banks, a positive move not only to limit speculation in the market but also guarantee legal reights for non-residents presenting in Vietnam.
