ACMF to issue ASEAN sustainability bond standards
Hanoi (VNA) – The ASEAN Capital Markets Forum (ACMF) announced results of the 33rd Chairs’ Meeting held via video conference on December 9.
It was the final event
among the activities within the scope of the ACMF in 2020 held under the chair
and coordination of Vietnam’s State Securities Commission (SSC).
At the meeting,
leaders of capital market management authorities in ASEAN countries spoke
highly of Vietnam’s efforts in promoting the implementation of targets in
capital market integration in the region, deepening regional linkage with the
international community for sustainable development, and improving adaptation and
institutional capacity of ASEAN.
With the theme of “Sustainable
Finance”, the meeting discussed and agreed that the ACMF will roll out sustainability
bond standards to support bond issuance for the realisation of sustainable
development goals, aiming to complete tools for ASEAN bond issuance.
To further foster the
regional sustainable eco-financial system, delegates also agreed to conduct
research on the building of a sustainable classification system.
They commended the
SSC’s role and coordination in partnering with their counterparts in ASEAN
countries and member markets in the building of the ACMF Action Plan for
2021-25.
Five main priorities
of the action plan were approved at the meeting, which will be submitted to the
34th ACMF Chairs’ Meeting.
Leaders of ASEAN’s
capital market management agencies reaffirmed commitment to ensuring the
ceaseless flow of the financial services market.
They also pledged to
continue priorities for cooperation and collaboration policy between countries
in the region and international financial organisations, in an endeavour to
bolster sustainable economic development and financial stabilisation in ASEAN.
The Monetary Authority
of Brunei will take the rein of the 2021 ACMF./.