Staff monitor a bond auction (Photo: VNA)Hanoi (VNA) –Outstanding debt in Vietnam’s bond market is targeted at 45 percent of totalGDP in 2020 and about 65 percent of GDP in 2030, according to a recentlyapproved roadmap for the market development.
Under the plan for 2017-2020 with a vision to2030, approved by the Prime Minister, the outstanding debt of the Governmentbond, Government-guaranteed bond and municipal bond market is aimed at about 38percent of total GDP in 2020 and 45 percent in 2030.
The corporate bond market’s outstanding debt ishoped to reach some 7 percent of GDP in 2020.
[Government bonds become darling of foreign investors]
The roadmap aims for stable development, biggersize and better quality of Vietnam’s bond market, which should have more diverseproducts, proactively integrate into the global market, and gradually operatein line with international standards and practices.
To that end, Vietnam is set to complete itspolicy framework for the bond market, develop the primary and secondarymarkets, diversify investors, and facilitate intermediary institutions andmarket services.-VNA
VNA
