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Deputy minister urges measures to boost bond market
Deputy Minister of Finance Tran Van Hieu urged measures to boost the bond market at the third general assembly of the Viet Nam Bond Market Association.
The assembly was held on October 26 in Ha Noi.
Hieu said the Government would focus on developing the Government bond primary and secondary markets towards stability, together with introducing new Government bond products to meet demands of investors.
Hieu said that restructuring the Government bonds would be implemented to ease the pressure of debt payment on the Government.
In addition, the legal framework on corporate bond would be improved to create favourable conditions for companies to raise capital through issuing bonds and attract foreign investors to the corporate bond market.
Deputy Governor of the State Bank of Viet Nam Nguyen Thi Hong urged the association to work closely with relevant agencies on raising measures to boost the bond market in line with the monetary market, developing derivatives market and diversifying bond products to ease pressure on the banking system.
At the meeting, 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.
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