Vietnam has big plans for its bond market
Its bond market reached 20% of GDP in 2014 and goal is 65% in 2030; but gaps in disclosure requirements, regulation, liquidity and secondary trading need to be filled.
VIETNAM has drawn up a roadmap for its bond market, with an ambitious goal to increase the size of the sector to 45 per cent of gross domestic product - and further to 65 per cent in 2030.
Its "Roadmap for Developing the Bond Market, 2017-2020 and Vision Toward 2030" sees the country revamping the market, improving procedures and enacting liberal financial sector laws.
The Vietnamese bond market reached 20 per cent of GDP in 2014, reflecting its impressive development, and it posted the fastest growth rate in the region of 8.6 per cent in the first quarter of this year, up from 2.7 per cent in the fourth quarter of last year.
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