As market markers, entities have the right to participate in the issuance and repurchase of government bonds and notes via bidding.

The Ministry of Finance (MoF) has released a list of 17 commercial banks and securities firms subject to join the Government bonds market this year, an increase of four new entities compared to the 2020 list.
Vietnam's government bond segment accounts for 83.8% of the country's total bond stock. |
Under the Decision No.2290/QD-BTC, set to become effect from January 1, 2021 – December 31, 2021, those in the list will act as market makers of Government debt instrument.
Market makers are required to submit reports to the MoF for evaluation between November 1 and 10, so that the latter will evaluate the condition to maintain market maker status. Unqualified market markers will receive notice with reasons on why they are excluded from the list.
As market markers, entities have the right to participate in the issuance and repurchase of Government bonds and notes via bidding, as well as playing as the main guarantee organization for the issuance of government bonds.
Market makers will also participate in discussion for drafting new policies for the bond market.
This year’s list includes four securities firms of BIDV Securities Company, Vietcombank Securities Company, Ho Chi Minh Securities Corporation, Saigon – Hanoi Securities Company, and 13 banks with major names, such as BIDV, Vietinbank, Agribank and Military Bank.
Vietnam’s Government bond segment grew 9.1% quarter-on-quarter at the end of September 2020 to reach US$54.7 billion - accounting for 83.8% of the country’s total bond stock, a report from the ADB noted.
This directly contributed to a quarterly growth of 11.6% of the local currency bond market at the end of last September – the fastest quarterly growth rate in emerging East Asia – to reach $65.3 billion.
Other News
- Hanoi eyes comprehensive development in 2023: Mayor
- EU, Germany fund to enhance public financial management in Vietnam
- Vietnam proposed 30% cut in land lease in 2023
- Vietnam's foreign reserves to return to US$100-billion mark by year-end
- Vietnam’s 2023 GDP growth forecast at 7.2%: Standard Chartered
- Gold of high interest for Vietnamese investors to combat inflation
- Vietnam's finance ministry waives taxes worth over US$2 billion in 2022
- Vietnam's credit growth expands nearly 13% in 2022
- C.bank urges tightened credit management in high-risk fields
- Vietnam banks' ratings on positive trajectory: Fitch
Trending
-
Vietnam spends US$9 billion on oil imports in 2022
-
Hanoi makes people and businesses the center of digitalization
-
Tet in the eyes of foreigners in Hanoi
-
Hanoians show passion for flowers
-
Vietnam’s tourism forecast to strongly rebound in five years
-
Admiring 2,023 feline statuettes made by Hanoi artist
-
Overseas Vietnamese eagerly await Tet and spring
-
Switzerland to support Vietnam’s transition to green economy
-
Foreign ambassadors experience Vietnamese Tet in Duong Lam Village