Vietnamese bonds grow the fastest quarterly

16:08 | 01/04/2014 Economy

(VEN) - The Asian Development Bank (ADB) released its quarter report on the Asian bond market on March 30 saying that among emerging economies in East Asia the Vietnamese bond market grew the fastest quarterly by 14.8 percent in 2013.

The ADB also said that a large amount of Vietnamese government bonds was issued last year increasing total bond values to US$29 billion by the end of the year. Meanwhile, Vietnamese company bonds reduced to about US$700 million setting the lowest growth rate in the last four years.

The ADB also said that good economic data so far this year, attractive yields, and a recovery in some currencies mean Asia including emerging East Asia is still the best place to invest.

However, the ADB said that Asia’s governments should implement structural reforms to strengthen the resilience of their economies and promote productivity growth to avoid chain reaction from the crisis and disorder in several economies and changes in the global financial market.

According to the ADB, emerging East Asia include China, Hong Kong, Indonesia, the Republic of Korea, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

The region’s bond markets continued to expand in size. By the end of last year, the region had US$7.4 trillion in outstanding bonds, 2.4 percent more than at the end of September 2013 and 11.7 percent more than at the end of 2012. The ADB said that Vietnam’s market expanded the fastest by 14.8 percent on a quarterly basis./.           

Viet Anh