In early April the State Securities Commission of Việt Nam decided to cancel nine bond issuances worth VNĐ10.03 trillion (US$439 million) made by the Tân Hoàng Minh Group between July 2021 and March 2022 forfiling false information and concealing information about a private placement.
The novel coronavirus (COVID-19) pandemic and deepening global economic uncertainty are putting great pressure on Việt Nam’s local currency bond market, according to the Asian Development Bank (ADB).
Standard Chartered Bank (Việt Nam) Limited on Tuesday successfully placed Refrigeration Electrical Engineering Corporation’s (REE) inaugural VNĐ2.3 trillion ($100 million) fixed rate bonds.
Hoàn Mỹ Medical Corporation on Monday successfully issued VNĐ2.33 trillion (US$99.7 million) in dual-tranche fixed rate bonds.