Many local enterprises now have plans to issue bonds on the international market, but experts point out huge challenges facing them ahead. Shareholders of Bank for Foreign Trade of Vietnam (Vietcombank) in this year’s general meeting have agreed to issue a maximum US$1 billion worth international bonds within 2012. The bank’s general director Nguyen Phuoc Thanh said his institution is in dire... 

Vietnam’s dollar bonds are leading gains in Asia this year as Prime Minister Nguyen Tan Dung’s inflation fight and rising foreign-exchange reserves spur demand for the securities. The notes handed investors a 10 percent return, HSBC Holdings Plc indexes show, as consumer-price increases slowed to a 12-month low and the trade deficit narrowed. India’s bonds advanced 7.1 percent and China’s... 

Vietnam’s bonds advanced, with benchmark five-year yields falling to the lowest level in a week, on speculation easing inflation will lead to lower interest rates. The dong was little changed. Consumer prices rose 14.15 percent in March from a year earlier, the slowest pace in a year, according to data released March 24 by the General Statistics Office in Hanoi. “There is more demand for bonds... 

Vietcombank, Vietnam’s fourth-largest lender by assets, plans to raise $1 billion selling bonds in international markets, its chairman said. The debt, with terms of up to 10 years, could be issued in 2012 pending shareholder approval, Nguyen Hoa Binh said in a report seen by Reuters on Thursday. The report was scheduled to be delivered to shareholders at a meeting on April 2. Hanoi-based Vietcombank,... 

Vietnamese property developer Vincom JSC on March 27 successfully issued convertible bonds worth $185 million with maturity of five years and a coupon rate of 5 per cent a year. The bonds will also be listed at the Singaporean securities exchange after the issue. Vincom said the bonds will be converted into equity 41 days after issue at a price of VND112,200 each. Vincom was the first business in... 

Vietnam’s five-year bonds fell for the first time in four days on concern fuel-price increases will fan inflation, limiting the scope for interest-rate cuts. The dong was little changed. Vietnam raised the price of petroleum products, including gasoline, by as much as 12 percent March 7. Slower inflation may allow Vietnam to cut interest rates by 100 basis points in each of the second, third and... 

The National Assembly Standing Committee has requested the Government to comply with the ceiling amount mobilized from government bond sales to ensure the national financial security. The issuance of government bonds to mobilize funds for transport, irrigation and education projects and other works financed by the State Budget shall not exceed VND45 trillion a year in the 2012-2015 period, the NA... 

The information that VietinBank, one of the biggest commercial banks in Vietnam which has been equitized, is planning to issue international bonds and has surprised financial analysts, because it is not the ideal time to do that now. On March 19, VietinBank began a series of roadshows in foreign countries to prepare for the bond issuance in the international market. The events have caught the special... 

Japan’s United Investments is teaming up with Military Bank member company MBCapital to create Vietnam’s first open-ended bond fund. United Investments, which manages about $1.8 billion globally, is a member of Japan Asia Group. The Tokyo-based firm would invest in the fund and have a co-ordinating role, Warit Kathong, vice president of United Investments, told Vietnam Investment Review. Kathong... 

The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) is planning a series of road shows in major foreign markets to prepare for issuing overseas bonds. The road shows will introduce this investment opportunity and will begin on March 19, travelling to Singapore, Hong Kong and London, as well as Boston, New York, Los Angeles and San Francisco in the US. Deputy Director of Vietinbank...