The Hanoi Stock Exchange (HNX) coordinated with the State Treasury to launch an online government bond transaction system (E-BTS) on June 26.
According to the HNX, the E-BTS is expected to make the government bond market more lucrative, attracting more domestic and international capital to Vietnam’s bond market, eventually contributing to liquidation.
Addressing the ceremony, Vice Chairman of the State Securities Committee Nguyen Thanh Long said the E-BTS is an important springboard to continually develop the government bond market, preparing it for integration into regional and international markets.
The HNX and relevant agencies, Long said, would continue improving infrastructure, develop new products, research and build legal documents for the derivatives market.
He believed that the HNX, the Vietnam Securities Depository, members of the market and relevant units would successfully build the derivatives and Vietnam securities markets, gradually integrating into regional and world markets.
The HNX also reported over 85 trillion VND (3.9 billion USD) worth of government bonds were sold in the first half of the year, down 37 percent annually.
Of which, the State Treasury mobilised 70 trillion VND (3 billion USD), the Bank for Social Policies drew six trillion VND and the Vietnam Development Bank fetched nine trillion VND (412.5 million USD).
It is a relatively positive picture of the secondary transaction market with the value of outright and repos transactions in the first six months continually on the rise from the same period last year.
Outright transactions amounted to 300 trillion VND (13 billion USD) while the amount of repos transactions was 141 trillion VND (6.5 billion USD). The average daily transaction value was 4.2 trillion VND (192 million USD).-VNA
According to the HNX, the E-BTS is expected to make the government bond market more lucrative, attracting more domestic and international capital to Vietnam’s bond market, eventually contributing to liquidation.
Addressing the ceremony, Vice Chairman of the State Securities Committee Nguyen Thanh Long said the E-BTS is an important springboard to continually develop the government bond market, preparing it for integration into regional and international markets.
The HNX and relevant agencies, Long said, would continue improving infrastructure, develop new products, research and build legal documents for the derivatives market.
He believed that the HNX, the Vietnam Securities Depository, members of the market and relevant units would successfully build the derivatives and Vietnam securities markets, gradually integrating into regional and world markets.
The HNX also reported over 85 trillion VND (3.9 billion USD) worth of government bonds were sold in the first half of the year, down 37 percent annually.
Of which, the State Treasury mobilised 70 trillion VND (3 billion USD), the Bank for Social Policies drew six trillion VND and the Vietnam Development Bank fetched nine trillion VND (412.5 million USD).
It is a relatively positive picture of the secondary transaction market with the value of outright and repos transactions in the first six months continually on the rise from the same period last year.
Outright transactions amounted to 300 trillion VND (13 billion USD) while the amount of repos transactions was 141 trillion VND (6.5 billion USD). The average daily transaction value was 4.2 trillion VND (192 million USD).-VNA
