Journal of Economic Development
No. 219 , January 2014, Page 93-108


An Analysis of Factors Affecting Decisions on Investment in HCMC Municipal Bonds
DƯƠNG THỊ BÌNH MINH & VŨ THỊ MINH HẰNG & Diệp Gia Luật & Nguyễn Thị Mỹ Linh & Phùng Thị Cẩm Tú & Đào Thị Minh Huyền

Abstract
The paper analyzes factors affecting decisions on investment in HCMC municipal bonds for infrastructure projects. Results of EFA and regression analysis show that decisions on investment in HCMC municipal bonds depend on five factors with adjusted R2 equaling 72,1%: (1) government’s policies; (2) bonds and issuers; (3) infrastructure projects and socioeconomic conditions; (4) economicfactors; and (5) impacts of relevant markets. This serves as a basis for policy recommendations that aim at enhancing the mobilizing power of municipal bonds for infrastructure project in particular and socioeconomic development in HCMC in general.

Keywords
Bonds; Municipal Bonds; Affecting Factors; Investment Decisions.
Download
Capital Conservation and Development in Joint Stock Companies
2019, Journal of Asian Business and Economic Studies More

Informatics and Vietnam's Industrialization and Modernization
2019, Journal of Asian Business and Economic Studies More


Investigating Factors Affecting Capital Structure of Equitized State-Owned Enterprises in Ho Chi Minh City
2020, Journal of Asian Business and Economic Studies More

Enhancing Quality and Efficiency of Public Investment in Vietnam up to 2020
2020, Journal of Asian Business and Economic Studies More