15 January 2015, Minister of Finance Dinh Tien Dung had a meeting with Mr. Tetsuya Kubo, President and CEO of SMBC Nikko Securities Inc., Japan.
Overview of the meeting.Photo: TN
At the meeting, Minister Dinh Tien Dung briefly reviewed Vietnam’s economy in 2014, noting that Vietnam had successfully sold US$1 billion sovereign bonds after Fitch Ratings upgraded Vietnam’s long term foreign and local currency issuer default ratings (IDRs) to “BB-“ from “B+” with a stable outlook. Minister Dinh Tien Dung expected Vietnam to continue looking for foreign financial resources through financial tools to meet the short-term, mid-term and long-term development needs of the country. Minister Dinh Tien Dung expressed his hope to receive the support from Japan in expanding Vietnam government bond market to international markets.
President and CEO of SMBC Nikko appreciated the achievements that Vietnam had made in 2014 and informed that, previously, JBIC suggested to help Vietnam issue government bonds in the yen in Japanese market. JBIC introduced and recommended that the Ministry of Finance should have detailed discussion with Japanese consulting banks, including SMBC Nikko to comprehensively and objectively assess the financial effectiveness of the issuance.
T.Tien
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