Japan to lend a hand with Vietnam’s bond market
(Japan) Japan will provide Vietnam with technical assistance to help it develop its infant bond market.
Speaking in Hanoi, Japanese Vice Finance Minister Takayoshi Taniguchi said Japan would inject US$100 million into the Asian bond fund.
The fund is the first time Asian central banks have worked together to pool foreign reserves and an attempt to encourage local debt financing rather than using European and US bonds.
Taniguchi said the first task was to help Vietnam build its local government bond market.
The fund is the first time Asian central banks have worked together to pool foreign reserves and an attempt to encourage local debt financing rather than using European and US bonds.
Taniguchi said the first task was to help Vietnam build its local government bond market.
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