Vietnam Targets Bond Market Making up 40 per cent GDP by 2010
Eurocapital Securities Company (ECC) on November 27 cooperated with Systex Vietnam Co. to hold a conference on Vietnam’s bond market and investors’ fixed income from this market, the Securities Investment newspaper reported.
ECC said the bond market is now accounting for only 13.7 per cent of the country’s GDP, much lower than that of other countries in the region.
The Ministry of Finance recently announced that Vietnam targets to mobilize VND11.7 trillion (US$710 million) for the bond market from 2006 until 2010 to reach 40 per cent of GDP.
Director of Systex Vietnam David Ying said while the securities market is unprofitable at this time, bond market is a potential investment channel.
Amid the global economic recession which is predicted to be settled in next 1-2 years, a large number of institutional investors and funds are shifting to invest in Vietnamese bonds. (Securities Investment, Labor)
Vietnamese
