Monday, May 30, 2011

Corp Bond are still new to Vietnam?

http://en.stockbiz.vn/News/2011/5/29/213879/businesses-don-t-think-of-issuing-corporate-bonds.aspx

I found this article interesting. It talks about how VN businesses often try to get capital from banks while it is very difficult and expensive at this time. Here are some reasons:
- Need big name to get trust from public
- Lack of strong and transparency accounting

My take:
- Boom! Found out another reason that lead to the high interest rate in VN: businesses are slow in outreaching to different sources of capital. (The interest rate will be discussed in another post)
- The financial market in Vietnam is still very young and raw. Tons of rooms to develop and to make money.
- As big of the room for finance, Vietnam also need quality accountants now. Not specifically in field of auditing, but in the industries themselves. I believe that I am a quality accountant. Glad to see that I have a lot of room to practice.

No comments:

Post a Comment