ACMF to issue ASEAN sustainability bond standards

The ASEAN Capital Markets Forum (ACMF) announced results of the 33rd Chairs’ Meeting held via video conference on December 9.
ACMF to issue ASEAN sustainability bond standards ảnh 1At the 33rd ACMF Chair's Meeting (Photo: SSC)

Hanoi (VNA) –
The ASEAN Capital Markets Forum (ACMF) announced results of the 33rdChairs’ Meeting held via video conference on December 9.

It was the final eventamong the activities within the scope of the ACMF in 2020 held under the chairand coordination of Vietnam’s State Securities Commission (SSC).

At the meeting,leaders of capital market management authorities in ASEAN countries spokehighly of Vietnam’s efforts in promoting the implementation of targets incapital market integration in the region, deepening regional linkage with theinternational community for sustainable development, and improving adaptation andinstitutional capacity of ASEAN.

With the theme of “SustainableFinance”, the meeting discussed and agreed that the ACMF will roll out sustainabilitybond standards to support bond issuance for the realisation of sustainabledevelopment goals, aiming to complete tools for ASEAN bond issuance.

To further foster theregional sustainable eco-financial system, delegates also agreed to conductresearch on the building of a sustainable classification system.

They commended theSSC’s role and coordination in partnering with their counterparts in ASEANcountries and member markets in the building of the ACMF Action Plan for2021-25.

Five main prioritiesof the action plan were approved at the meeting, which will be submitted to the34th ACMF Chairs’ Meeting.

Leaders of ASEAN’scapital market management agencies reaffirmed commitment to ensuring theceaseless flow of the financial services market.

They also pledged tocontinue priorities for cooperation and collaboration policy between countriesin the region and international financial organisations, in an endeavour tobolster sustainable economic development and financial stabilisation in ASEAN.

The Monetary Authorityof Brunei will take the rein of the 2021 ACMF./.

VNA

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