Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Saturday, November 18, 2017

Roadmap drawn up to develop the bond market

Updated: 17:33’ - 25/08/2017

The balance of the bond market will reach 45 percent of GDP by 2020, with the government bond, government-guaranteed bond and municipal bond balance equaling 38 percent and the corporate bond balance mounting to 7 percent of GDP.
 

A roadmap to develop the bond market up to 2020, with a vision toward 2030 is drawn up under Decision 1191/QD-TTg__Photo: Internet


These objectives are set in Decision 1191/QD-TTg inked by Prime Minister Nguyen Xuan Phuc on August 14 to draw up a roadmap to develop the bond market up to 2020, with a vision toward 2030.

 The average term of domestically issued government bonds will be 6-7 years in the 2017-20 period and 7-8 years in the 2021-30 period.

The average trading volume of government bonds, government-guaranteed bonds and municipal bonds per session is expected to increase by 1 percent of the balance of listed bonds by 2020 and 2 percent by 2030.

By 2020, insurance companies, social insurance agencies, pension funds, investment funds and non-bank financial institutions will hold the volume of issued government bonds at up to 50 percent. By 2030, this figure will reach 60 percent.


The Decision says in the next three years, the policy framework for the bond market will be further improved while primary and secondary bond markets, intermediary institutions and market services will be developed.- (VLLF)

 

Send Us Your Comments:

See also:

Video

Vietnam Law & Legal Forum