Trade War Is Making a Winner Out of Vietnam’s Offshore Loan Market
- Vietnam likely to benefit from shift away from Chinese goods
- Bankers finding juicy margins on offer in growing loan market
People sit along a waterfront as residential and commercial buildings stand in the background in Ho Chi Minh City, Vietnam.
Photographer: Linh Luong Thai/BloombergThis article is for subscribers only.
As the U.S.-China trade spat drags on, one winner is emerging. Vietnamese companies are borrowing the most in six years in the offshore loan market as Asia’s fastest-growing economy benefits from businesses shifting their supply chains away from China.
The fledgling loan market in Vietnam is proving to be lucrative for bankers, offering some of the widest margins in Southeast Asia. Dollar syndicated loan volumes have surged 119% to $2 billion so far in 2019 from the same period last year, according to data compiled by Bloomberg.