Mon, Jun 19, 2023, 15:54:00
The SSC is set to initiate operations of a secondary market specifically designed for privately placed corporate bonds in July.
The SSC believes that the introduction of this secondary market for privately placed corporate bonds will establish an optimal foundation for bondholders to execute liquidity transactions, thereby fostering renewed confidence in the corporate bond market.
Once operational, member securities companies will exercise robust control over the investor composition, ensuring the active participation of seasoned securities investors who possess expertise in the field.
Moreover, the newly established secondary bond market will enhance transparency pertaining to corporate bonds, facilitating improved access for issuers and investors alike. This, in turn, will elevate payment quality standards while mitigating risks encountered by investors.
The SSC has expressed its commitment to expediting the restructuring process of securities companies in the market and effectuating a seamless transition of products in alignment with the Ho Chi Minh Stock Exchange assuming responsibility for stock and fund certificate transactions, while the Hanoi Stock Exchange will oversee bond and derivatives transactions.
Meanwhile, to bolster investor trust, the Ministry of Finance collaborates closely with the Ministry of Information and Communications and the Ministry of Public Security to actively disseminate bond-related policies. Concurrently, they will address cases of misinformation dissemination that negatively impact market activities.
Additionally, the government and relevant agencies have implemented a suite of measures to stabilise market liquidity and address capital difficulties.
