Bond market posts strong growth in ASEAN+3 economies

The sustainable bond market of member economies of the Association of Southeast Asian Nations (ASEAN), China, Japan, and the Republic of Korea expanded 29.3% last year, outpacing the 21% growth of the global and euro-area sustainable bond markets, according to a new report by the Asian Development Bank (ADB).
Bond market posts strong growth in ASEAN+3 economies ảnh 1Sustainable bond market of ASEAN+3 economies posts strong growth. (Photo: dangcongsan.vn)
Hanoi (VNA) - The sustainable bond market of member economiesof the Association of Southeast Asian Nations (ASEAN), China, Japan, and theRepublic of Korea expanded 29.3% last year, outpacing the 21% growth of theglobal and euro-area sustainable bond markets, according to a new report by theAsian Development Bank (ADB).

Outstanding sustainable bonds in the economiesreached 798.7 billion USD by the end of 2023, and accounted for around 20% ofglobal sustainable bonds, the latest edition of Asia Bond Monitor released onMarch 21 showed.

As of the end of 2023, the global and euro-area sustainable bond market reached4 trillion USD and 1.5 trillion USD, respectively.

ADB Chief Economist Albert Park said that ASEAN sustainable bond issuance madeup a higher share of local currency financing and long-term financing in 2023,driven by public sector participation.

Financial conditions in emerging East Asia improvedmarginally between December 1, 2023 and February 29, 2024 as the US Federal Reserve wasexpected to ease its monetary stance, while inflation continued to moderate andmost economies posted sound economic growth in the region.

Sustainable bonds are bond instruments that areused to finance projects and programmes with environmental and social benefits./.
VNA
#sustainable bond market#ASEAN+3#euro-area#financing#ADB#US Federal Reserve#environmental and social benefits#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

Real estate market expected to roar back this year

Real estate market expected to roar back this year

The domestic real estate market is believed to have reached the bottom and expected to roar back to life this year thanks to a slew of measures taken by the Government, ministries, agencies and localities.

See more

The RoK's Finance Minister Choi Sang-mok speaks at a trilateral meeting with his Japanese and Chinese counterparts in Georgia. (Photo: Yonhap)

ASEAN+3 to create new financing facility against regional crises

The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Thailand to apply VAT on imports sent via post

Thailand to apply VAT on imports sent via post

The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
Malaysia asserts pioneering role in halal industry

Malaysia asserts pioneering role in halal industry

Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
ASEAN Future Forum 2024 enters first session

ASEAN Future Forum 2024 enters first session

The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
ASEAN bolsters intellectual property cooperation

ASEAN bolsters intellectual property cooperation

The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.