The boom is good news for people like apartment owner Bui Vu Thi, but it's bad news for people like 48-year-old Nguyen Anh Tuan, a security guard at a state-run school in Hanoi.
The bond's real significance is that it diversifies Vietnam's sources of financing and establishes a benchmark for future capital raisings, says Le Thi Bang Tam, the vice-finance minister.
He convinced the company to spin off coffee and doughnut chain Tim Hortons (nyse: THI - news - people ) and got some of his handpicked candidates on Wendy's board.