Vietnam enjoyed the fastest growth in the local currency bond market
in the emerging East Asian economies in 2012, said the Asian Development
Bank’s (ADB) latest Asia Bond Monitor.

In the fourth quarter
of 2012, Vietnam ’s local currency bond market rose 42.7 percent to
25 billion USD, an increase of 17.6 percent against the previous
quarter, largely due to the rapid expansion in the government bond
market.

The government bond market saw a year-on-year increase of 54.6 percent against the same period last year to 24 billion USD.

However, the business bond market shrank to only 47.6 percent of the
same period last year, with 1 billion USD, representing a continuous
decrease since March 2011.-VNA