Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Corporate bond issuances more than double in seven months
Companies issued 161.5 trillion VND (6.43 billion USD) worth of bonds during January-July, or 2.6 folds higher than the same time last year, the Ministry of Finance (MoF) said on August 5.
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| Credit institutions account for 67.5% of the value of the issued bonds. (Photo: VNA) |
Credit institutions accounted for 67.5% of the value, property enterprises some 24%, and businesses of other industries 8.5%.
As much as 24 trillion VND worth of covered bonds was issued during the span, with those by realty firms making up of 84.4%.
Some 88.8 trillion VND worth of bonds was redeemed in the period, a 36% fall from a year earlier.
According to the Hanoi Stock Exchange, the total transactions in the secondary market amounted to more than 566.85 trillion VND, with each valued at around 4 trillion VND.
Earlier, a representative from VNDirect securities company forecast that bond maturity pressure will cool down in Q3 before heating up in the next quarter. The total value of bonds maturing in Q3 is expected at some 38.5 trillion VND, falling 27.2% quarter-on-quarter. The property sector was said to account for the largest share of 49%, followed by the banking sector with 26.7%.
The MoF said it will continue combining macro-economic policies with credit growth and property recovery ones to ensure transparency in the corporate bond market, thus making it develop in a safer, healthier and more sustainable manner./.
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