Fitch Solutions expected credit growth to weaken to 7% in 2020 from 13.7% in 2019, but the growth is predicted to pick up to 12% one year later.
According to SSI Securities Corporation, the value of corporate bonds issued in 2019 was VND280 trillion ($12.17 billion) – an on-year increase of 25 per cent from 2018. The market maintained its pace in the first half of 2020, with companies issuing bonds worth VND159 trillion ($6.9 billion). However, in...
Lower saving rates hit money savers first because their savings are not as profitable as they were, then purchasing power declines, Tường, former investment manager at APS Asset Management, said.
Vietnam is one of the best long-term growth stories in Asia and is one of the most preferred frontier markets, according to HSBC. There is a long list of reasons why the bank remains positive on the country’s equity market.
The State Bank of Vietnam was considering changing the roadmap for adjusting the ratio of short-term funds used for medium and long-term loans, with the aim that banks could lower lending costs and provide preferential rates to aid post-pandemic recovery.
Despite their attractiveness to high-yield investors, corporate bonds have also drawn scrutiny for their vulnerabilities, exposing investors to many types of risks.