The government should continue a policy to support corporate bond issuance for companies from the Cambodia, Lao PDR, Myanmar and Vietnam (CLMV) region to tap into these countries’ high potential for economic growth, said Adisorn Singhsacha, founder and chief executive of Twin Pipe Group, a financial advisory company.
The Thai bond market could become a bond financing hub for companies from CLMV that are rapidly growing, he said.
When the first wave of the Covid outbreak erupted in 2022, funding volume in CLMV drastically plunged before slightly rebounding in 2021 to around 5 billion baht, a 50% drop from pre-pandemic levels, he said.
He said the bond issuance from CLMV would typically account for around 1% of the Thai bond market’s total outstanding value of bonds. However, in the past two years, the Thai bond market hasn’t received the support from the government to become a…
