The US Department of Treasury will give Vietnam technical assistance in the managing and issuing of State bonds as well as designing a secondary market.
The announcement was made when Nguyen Ngoc Canh, director of the State Securities Commission’s International Co-operation Department met with US Department of Treasury representative Keith Krchak in Hanoi on July 2 to discuss capital market development.
The commission will receive guidance on the range of State bond market interest rates and methods of bond issuance, said Mr Canh.
The Treasury Department will also help establish a secondary State bond market comprised of three component parts: a State bond market, a local government bond market and a corporate bond market.
Significantly, the focus will be on transaction methods for both the primary market and the secondary market, reporting and information announcement regulations, and how to deal with payment risks and payment duty violations, Mr Canh added.
VOVNews/VNS
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