Vietnam bond market looks to future
Deputy Minister of Finance Tran Van Hieu has urged measures to boost the bond market at the third general assembly of the Vietnam Bond Market Association.
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At the meeting on October 26, the association elected the executive board for the 2016-19 term, including 23 members, with Deputy General Director of Vietcombank Pham Thanh Ha becoming the association’s chairman.
Hieu said the Government will focus on stably developing primary and secondary markets for Government bonds and introduce new bond products to meet investor demands.
Hieu said Government bonds will be restructured to ease debt payment pressures.
In addition, corporate bond legal frameworks will be improved to create favourable conditions for companies to raise capital through issuing bonds and to attract foreign investors toward the corporate bond market.
Nguyen Thi Hong, Deputy Governor of the State Bank of Vietnam, urged the association to work closely with relevant agencies on measures to boost the bond market in line with the monetary market, developing derivatives markets and diversifying bond products to ease pressure on the banking system.
