Vietnam’s one-year government bonds declined on speculation banks have less cash to invest in debt following increased demand for funds during the weeklong new year. The dong fell. “Banks don’t have much cash to buy bonds now as liquidity is still low after demand for cash increased during the Lunar New Year Holiday,” said Vu Anh Duc, a Hanoi-based senior fixed- income dealer at Vietnam Joint-Stock... 

Vietnam’s government bonds gained on speculation investors will reinvest funds from maturing debt and push prices higher. The dong dropped. “About 17 trillion dong ($809 million) of bonds will mature next month, adding funds to banks that hold the notes,” said Nguyen Tan Thang, head of fixed-income research at Ho Chi Minh City Securities Corp. “Bond yields will move down on expectations of... 

Vietnam’s five-year bonds gained on speculation commercial banks purchased the securities for collateral to get central bank loans. The dong rose. “Demand for bonds on the secondary market has increased as banks need to buy the notes to use as collateral to borrow money to ensure liquidity,” said Ho Chi Minh City-based Cao Tan Phat, an analyst at ACB Securities Inc. Lenders need more cash as... 

* Private hospital opened in Gia Lai Hoang Anh Gia Lai (HAGL) Group has issued bonds valued at VND500 billion (some US$23.7 million) to raise funds for its rubber plantation and hydropower generation projects underway in Laos, the group’s leader said. HAGL chairman Doan Nguyen Duc confirmed the latest bond issuance with the Daily on the phone on Tuesday, saying that this issue was assisted... 

Vietnam’s five-year government bonds fell on speculation the central bank will hold interest rates at a three-year high to cool inflation. Consumer prices rose 18.12 percent this month from a year earlier, Nguoi Lao Dong newswire reported today, citing Minister of Planning and Investment Bui Quang Vinh. That is higher than the government’s revised 2011 target of about 18 percent. Policy makers... 

Vietnam’s bonds gained on speculation the largest banks are putting cash into debt rather than making loans. The dong dropped. Vietnam Development Bank, a state-owned lender that raises funds for government projects, sold all of the 1.9 trillion dong of bonds ($90 million) it auctioned on Dec. 16, according to statements on the Hanoi Stock Exchange’s website. “Large commercial banks don’t... 

Vietnam’s government bonds rose, with five-year yields dropping to the lowest in two weeks, on speculation the central bank will cut borrowing costs. The dong dropped. The State Bank of Vietnam will reduce the interest-rate cap on dong deposits at commercial lenders next year, online newswire VnExpress reported, citing an unidentified banker who attended a meeting between banks and the monetary... 

The Vietnam dong bond market in the last quarter recorded growth of a strong 22% against the same period last year to US$17 billion, according to the Asia Bond Monitor of the Asian Development Bank (ADB). The statistics showed that the domestic corporate bond market surged by 34.5%, while the Government bond market was up by 21.1%. ADB attributed the growth in the third quarter of the Asian region... 

Vietnam Commercial Bank for Industry and Trade, or VietinBank, has been approved to issue bonds worth US$500 million in total to the international market, said the bank’s deputy general director Le Duc Tho. Tho said Vietinbank was now completing the scheme and procedures for the bond issuance, with the consultancy of the financial institutions HSBC and Barclays. The bank’s international bonds... 

Vietnam’s five-year bonds fell the most in almost a month before a debt auction. The dong was steady. The State Treasury will offer 1 trillion dong ($47.6 million) each of three- and five-year notes today, according to the Hanoi Stock Exchange’s website. Results of the bidding will be available later in the day. The yield on the benchmark five-year security rose five basis points, or 0.05 percentage...