While Covid-19 drags on local currency bond markets in emerging East Asia, the market still got a positive increase.
Vietnam’s LCY bond market is smallest in size compared to other emerging East Asia markets such as Indonesia ($217 billion), Singapore ($310 billion), Malaysia ($353 billion) and Thailand ($399 billion).
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 total value of these Government bonds is around VND1.45 trillion, equivalent to $62.3 million, higher than the value of a loan offered by JP Morgan Chase to LienVietPostBank.
AIA Group Limited, known as AIA - the largest independent public listed pan-Asian life insurance group has committed a bond investment in the recently launched derivatives securities market of Vietnam.
