Vietnam registered the most rapid year-on-year growth in the government bond market, posting a 64.6 percent expansion to $29 billion, fueled by heavy issuance of treasury, central bank, and state-owned enterprise bonds.
In contrast, the country’s corporate bond market shrank 47.2 percent to $1 billion, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor.
Emerging East Asia’s local currency bond markets expanded 12.1 percent year-on-year to $6.7 trillion at the end of March 2013, driven by double-digit growth in corporate bonds, the report said.
