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Vietnam bond market grows by 2.6 percent: ADB

By Dat Nguyen   September 18, 2019 | 06:50 pm PT
Vietnam bond market grows by 2.6 percent: ADB
Workers at a construction site in Ho Chi Minh City. Photo by Shutterstock/Jonas Petrovas.
Vietnam’s bond market grew by 2.6 percent in the second quarter over the previous quarter despite the ongoing trade conflicts, the Asian Development Bank said.

The local currency bond market grew to $52.9 billion, it said in a release on Wednesday.

The growth came on the back of a 3.2 percent expansion of the government bond market to $48 billion, which also included central bank bills.

This offset a 3.4 percent contraction in the corporate bond market to $5 billion. 

The corporate bond market is now worth VND89.5 trillion ($3.86 billion), exceeding the target set only for 2020, according to the Hanoi Stock Exchange.

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