Vietnamese government bonds experiencing light trade

The Vietnam government''s recent dong bond issue, listed on the country''s new stock exchange, isn''t seeing much trade - it might have something to do with the yield.

By Jim Regan

August 11, 2000

Trade in the Vietnamese governments D300 billion $21.3 million 6.5% five-year bonds listed on the countrys new stock exchange has been pretty thin so far. In fact, the first trade wasnt registered until a week after the bonds listed on 28 July. The transaction went through at D100,300, up from the auction price of D100,000, and around D4 million roughly $300 changed hands.

However, the move was almost certainly a mistake. In this, the worlds youngest stock market, it seems likely the investor was going for one of the four listed stocks, all of which have been limit-up 5% on 28 July and 2% thereafter every day...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222