Tag: increased sharply

The March business results of many automobile manufacturers reveal strong sales growth in Vietnam’s auto market. Many posted solid growth, with some seeing sales up 96.6 per cent against February. Demand for motor vehicles in Vietnam is forecast to rise in the future.

The size of the corporate bond market has increased sharply in recent times, from 4.93 per cent of GDP in 2017 to 16.6 per cent in 2021. The market is likely to grow well this year due to supply and demand being maintained at high levels. Demand for issuances to ensure capital at enterprises is quite high. There will also be about VND266 trillion ($11.66 billion) of corporate bonds maturing this year.

According to data from the Ministry of Finance (MoF), total insurance premium revenue reached VND116.19 trillion ($5.06 billion) in the first seven months of 2021, an increase of 18.26 per cent year-on-year. As of the end of July, total assets in the insurance market were estimated at VND630.36 trillion ($27.52 billion), up 20.84 per cent year-on-year.