Businesses refrain from issuing bonds due to COVID-19 epidemic

Source: VNA

17:53 | 11/03/2020 Finance Follow english.haiquanonline.com.vn on

The volume of corporate bonds issued during February has reduced remarkably compared to the previous month due to the negative impacts of the COVID 19 epidemic on the stock market

businesses refrain from issuing bonds due to covid 19 epidemic

Illustrative image (Photo: VNA)

According to a report released by SSI Securities Corporation on March 10, a total of 15 firms issued bonds in February worth a total VND5.574 trillion (around US$240 million). Real estate companies accounted for 72% of the bond value.

The number is only equal to 41% of the value of bonds issued in January.

For the two-month period, a total of VND19.4 trillion worth of corporate bonds were issued with an average maturity of 4.75 years and interest rate of 10.07% per annum.

Real estate firms made up 60% of the total volume or nearly VND11.64 trillion.

Only two banks issued bonds during January-February, which are the Asia Commercial Bank (ACB) with VND230 billion worth of 10-year bonds, and the Tien Phong Commercial Bank (TPBank) with VND552 billion worth of 7-year bonds.

The stock market had a difficult time in February with the benchmark VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) ending the month plummeting 5.81% to 882.19 points. The VN-Allshare and VN30 Indexes also dropped 2.97% and 1.96%, respectively, from January.

Source: VNA

english.vov.vn

Tags:

Related News

Note for businesses when converting green and digital

10:00 | 05/09/2024 Import-Export

VCN - Green transformation and digital transformation have been identified by businesses as a mandatory path if they want to develop long-term. However, there are many issues that businesses need to pay attention to right from the start of the transformation if they want to achieve efficiency.

Businesses will be confident in exporting to the EU when they have enough green capacity

09:45 | 21/08/2024 Import-Export

VCN - It is extremely necessary to grasp and understand the new EU regulations such as CBAM and EUDR. Thereby, businesses have plans, measures and roadmaps to adjust export production activities, maintain and develop export markets.

Vung Ang Customs earns VND4,482.87 billion

09:21 | 28/07/2024 Customs

VCN - According to statistics from Vung Ang Port Border Gate Customs Branch (Ha Tinh Customs Department), as of July 15, 2024, total import-export turnover through the area rose by 12.9% and budget revenue also rose by 15.2% over the same period in 2023.

Improving the competitiveness of businesses is an important factor

16:03 | 12/07/2024 Import-Export

VCN - Local competitiveness is not only based on economic management capacity, the favorable and friendly business environment and efforts to improve administrative reform efforts of provincial and city governments (PCI) but also relies on the competitiveness of local businesses.

Latest News

Individual customers' deposits in Jan-Jul see record high

19:32 | 05/10/2024 Finance

Total deposits from individual customers at banks had reached 6.8 quadrillion VND (276.3 billion USD) in the first seven months of this year, marking the highest level ever, according to the latest data released by the State Bank.

FED cuts interest rates: A good opportunity for Vietnam’s exports and investments

11:59 | 05/10/2024 Finance

VCN - The U.S. Federal Reserve (FED) has decided to cut interest rates and announced plans for further reductions until 2026. According to Dr. Can Van Luc, Chief Economist at BIDV and a member of the National Financial and Monetary Policy Advisory Council, the FED's shift in monetary policy has presented a great opportunity for Vietnam's exports and investments.

Developing smart cities through open banking ecosystem

11:57 | 05/10/2024 Finance

VCN - Building smart cities is an inevitable development trend, requiring synchronous digital transformation of many fields, including banking and finance.

Vietnam’s stock market likely to reach 9 million accounts by 2025

13:39 | 04/10/2024 Finance

Vietnam is on track to reach 9 million stock trading accounts by 2025 and 11 million by 2030, CEO of Vietnam Report JSC Vu Dang Vinh has said.

More News

Managing price effectively, reducing pressure on inflation

12:09 | 04/10/2024 Finance

VCN - Timely and effective price management helps control the consumer price index (CPI) and inflation in accordance with the set target.

Important step to soon upgrade stock market

10:21 | 03/10/2024 Finance

VCN - According to experts, the Ministry of Finance's issuance of Circular No. 68/2024/TT-BTC dated September 18, 2024 is an important step in the process towards the goal of improving the quality of the Vietnam’s stock market.

Accelerate implementation of solutions to disburse public investment capital

09:25 | 02/10/2024 Finance

VCN - Facing the impact of storm No. 3 on economic growth, many experts continue to believe that public investment will play a key role in economic recovery and growth for the entire year of 2024. However, there is only one quarter left until the end of 2024. The target of disbursing at least 95% of investment capital is facing many difficulties.

E-commerce platforms may declare and pay taxes on behalf of traders

08:21 | 01/10/2024 Finance

VCN – At the press conference for the third quarter of 2024 hold by the Ministry of Finance on September 27, the representative of the General Department of Taxation discussed contents related to tax management.

Ministry of Finance responds to information on proposal to tax real estate

08:20 | 01/10/2024 Finance

VCN - Responding to the hot issue of public concern regarding the proposal to tax real estate transactions to prevent speculation in the real estate market, at the press conference for the third quarter of 2024 held by the Ministry of Finance on September 27, Deputy Minister Nguyen Duc Chi gave the Ministry’s viewpoint.

Maintain smooth operations of Customs, Tax and Treasury to support businesses and people affected by storm No. 3

08:19 | 01/10/2024 Finance

VCN – The Ministry of Finance has requested to maintain smooth operations of Customs, Tax, Treasury agencies and national reserve units to support production and business activities and people after the storm, Deputy Minister of Finance Vo Thanh Hung said.

Capital market could be major financial source for private sector: WB

16:10 | 29/09/2024 Finance

The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.

Typhoon debt relief measures may impact bank profitability in Vietnam

18:47 | 27/09/2024 Finance

Vietnamese banks' profitability is expected to be squeezed following their provision of debt relief to support borrowers affected by a recent deadly typhoon, according to the latest report by S&P Global Ratings.

VAT reduction is necessary but not tool used every recession: Canadian expert

09:39 | 27/09/2024 Finance

VCN – The VAT reduction is necessary but is not a tool used in every recession said by the expert from the Canadian Ministry of Finance at the discussion session on fiscal policy within the framework of the Financial Policy Dialogue Workshop between the Vietnamese Ministry of Finance and the Canadian Ministry of Finance in 2024, held on September 25.

Your care

Latest Most read