The coronavirus disease (COVID-19) pandemic continues to drag on local currency bond markets in emerging East Asia, including Việt Nam, as investment sentiment globally and in the region wane and containment measures limit economic activity.
Việt Nam needs to effect changes and reforms to attract more foreign portfolio investment, Andy Ho, chief investment officer of investment fund VinaCapital, has said.
Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020, a year-on-year decrease of 15.5 per cent due to the impact of the COVID-19 pandemic, according to the Foreign Investment Agency.
The HCM City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic, local media have reported.
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).