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HNX raises VND586 trillion from G-bond sales
Hanoi - The Hanoi Stock Exchange (HNX) raised VND586 trillion from Government bond auctions in the past five years, a breakthrough in the G-bond market.
At the fifth anniversary celebration in Hanoi on June 24, HNX announced the figure surged 75 times compared to 2009. In the secondary market, the total listed value reached VND625 trillion as of May, 17% of the nation’s gross domestic product (GDP).
Liquidity of the G-bond market increased 4.5 times from VND366 billion each session in 2009 to over VND1.6 trillion in 2013 and over VND2.5 trillion in the first five months of this year.
Speaking at the ceremony, Minister of Finance Dinh Tien Dung told HNX to better mobilize capital to finance the State budget and help restructure public debt.
According to a report of HNX, the number of listed firms increased 42% during the period while their value soared by 140%. The bourse has seen 364 listed enterprises with total value of nearly VND90 trillion.
Trading value also grew significantly, from VND127 billion a session in the 2005-2009 period to VND530 billion in 2010-2013 and VND768 billion in the first five months of 2014.
The UPCoM, the market for unlisted public companies, has seen 147 firms, up 17 times. Market capitalization reached VND28.9 trillion, up seven times versus 2009.
HNX, formerly the Hanoi Securities Trading Center, was established in January 2, 2009 given a decision of the Government. It officially started operating on June 24 in the same year.
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