Vietnam’s bond market has faced a number of challenges and controversies in recent years. This section tracks Vietnam bond market news and regulatory developments.

10,000 dongs worth of T-bills expired yesterday, replaced with just 850

the-shiv October 24, 2023

The State Bank of Vietnam issued a tranche of T-bills yesterday valued at 850 billion dong or US$34 million, according to the SBV’s website. At the same time, 28-day T-bills to the tune of VND 10 trillion or US$409 million matured–a replacement rate of less than 10 percent. It’s not

🇻🇳 Dong-stabilising t-bills set to start maturing today, next steps unclear

the-shiv October 19, 2023

US$409 million worth of treasury bills issued by the State Bank of Vietnam in September as a means to stymie the devaluation of the dong are set to mature today, VN Express is reporting. Why it matters: The SBV has issued nearly US$10 billion worth of T-bills since September 21

🇻🇳 SBV T-bond issues in last 30 days reach US$8.1 billion

the-shiv October 16, 2023

The State Bank of Vietnam issued VND 20 trillion (US$817 million) in bonds on Friday bringing the total for the last 30 days to US$8.1 billion, per the SBV website. This is the 17th tranche of bonds issued since the SBV embarked on a t-bill issuing spree to shore up

Pushback on Vietnam bond market reforms resurfaces

the-shiv October 6, 2023

The HCM City Real Estate Association (HoREA) has made overtures to the government to push back the effective date of reforms to the bond market due to take effect from January 1, 2024, Vietnam News is reporting. These reforms were outlined in Decree 65 and came into effect in September

Vietnam bond market shows signs it may be thawing

the-shiv October 6, 2023

More than VND 100,000 billion (US$690 million) worth of corporate bonds were issued in the third quarter of 2023, Doanh Nhan Saigon is reporting. This is almost triple the value of bonds issued in the second quarter which suggests the bond market may be recovering. The article, however, does note

Total t-bills issued by State Bank of Vietnam hits US$3.7 billion

the-shiv September 29, 2023

The State Bank of Vietnam issued another tranch of t-bills yesterday to the tune of VND 20,000 (US$819.7 million), VN Express is reporting. This brings the total value of bills issued this month to US$3.7 billion.

State Bank of Vietnam issues more treasury bills, total hits US$2 billion

the-shiv September 27, 2023

The State Bank of Vietnam completed its fourth bond issue in the past two weeks to the tune of another VND 20 trillion (US$829 million), Donah Nhan Vietnam is reporting. This brings the total value of bonds issued since the start of last week to VND 50 trillion (US$2 billion).

Vietnam state media confirms T-bills issued to support local currency

the-shiv September 27, 2023

If there was any doubt as to why the State Bank of Vietnam has been issuing treasury bills, this article in state media outlet Vietnam News should clear it up. “The SBV has also been making its own moves to address the rising exchange rate including the recent issuance of

State Bank bills issued last week actually worth more than US$1.2 billion

the-shiv September 26, 2023

Whereas it was reported last last week that the State Bank of Vietnam had issued US$411 million in treasury bills, it turns out this was the final of three bill issuances last week collectively totalling just shy of VND 30,000 trillion (US$1.2 billion), Doanh Nhan Vietnam is reporting. This should

More on the US$411 million of treasury bonds issued last week

the-shiv September 24, 2023

The Investor is carrying an article with interviews with several economists regarding the US$411 million treasury bond issuance last week. Can Van Luc, chief economist at state-controlled bank BIDV, said it was normal to keep interbank interest rates at appropriate levels. Le Xuan Nghia, a member of the National Financial

Vietnam’s local debt–bonds and the like–to be subject to international ratings agency

the-shiv September 21, 2023

Moody’s is entering into a joining credit rating operation in Vietnam in partnership with a handful of local banks and securities firms, The Investor is reporting. The publication goes on to say that this was initiated by the Vietnam Bond Market Association. For context: Vietnam’s bond market has been riddled