The Hanoi Stock Exchange is to install a variety of new systems in thefirst half of the year to facilitate the development of Vietnam 'sbond market, according to leaders of the exchange.
The exchange in May will allow new types transactions on treasury bonds.They will likely launch electronic procurement, yield curve and bondindex in June.
Market members have asked theMinistry of Finance, the State Bank of Vietnam and the State SecuritiesCommission to come up with a road map for the development of the bondmarket through 2020 and a legal framework that would guide the issuanceof treasury bills, listings and trading, as well as the introduction ofnew products, such as futures and sales and re-purchase agreements.
According to Deputy Minister of Finance Tran Xuan Ha, his ministry isworking on such a framework and will issue a decision soon so that itwill be able to guide the bond market through the year 2020.
He added that a joint circular from the State Bank of Vietnamdealing with the issuance of treasury bills and local government bondswould be issued this year.
The Ministry of Financeissued Circular 17/2012/TT-BTC on March 26, which dealt with thedomestic bond market. According to the circular, one-year bonds offeredup by the State Treasury will be issued on the 15th and the last day ofeach month. State treasury bills will be issued each Tuesday.-VNA