REVIEW
of
FINANCE -
Jan. 2018
33
2017-2020 and vision until 2030. In this same
vein, Decision No. 1191/QĐ-TTg cleared reflects
the policy on the development of the bond
market in depth and breath, proportionately
with the level of development of the economy
and other components of financial market the
market should be increased in size and quality
to become the proper medium and long-term
capital raising channel for the economy; with
diversified products and broadened investor
base. In addition, due process will be taken
to ensure the transparency and disclosure
requirement and investor protection and in
integration into international market.
The detail targets are clearlynoted in
Roadmap for the development of the Vietnamese
bond market in the period 2017-2020 and vision
2030 as follows:
- Striving for outstanding balance of bond
market to be 45% GDP in 2020 and 65% GDP by
2030, ofwhichoutstandingbalanceofGovernment
bond market, government guaranteed bonds
and municipal bondswill be expected to reach
38% GDP in 2020 and 45% in 2030; outstanding
rankings on the MSCI will enhance the prestige
and image of the stock market in particular
and the Vietnamese finanancial market in the
international arena, thereby attracting more
foreign capital into the Vietnam stock market.
In such macroeconomic outlook, along with
the equitisation process associated with the
listing/registration of large corporations who
are strongly encouraged by the Government
and solutions for developments, the stock
market in Vietnam is facing strong growth
opportunities and increasingly affirming its
role and position as the capital mobilization
and allocation channel for investment in socio-
economic development.
A modern and well-rounded development of
Vietnam bond market
In order to sustain the development of the
bond market in structure, size and quality,
the Ministry of Finance has submitted to the
Government for the issuance of the Decision
No. 1191/QĐ-TTg dated August 14th 2017 on the
Vietnam bond market development roadmap
TABLE 4: TRADING VALUE OF FOREIGN INVESTORS AS OF DECEMBER 2017 (VND BILLIONS)
Time
Listed shares
Stock registered trading
Bond
Total
Buy
Sell
Buy
Sell
Buy
Sell
Buy
Sell
07/2016
7.889
6.800
50
7
16.060
11.506
23.999
18.313
08/2016
6.574
8.463
100
66
15.180
14.336
21.854
22.865
09/2016
12.850
15.613
18
10
21.450
21.668
34.318
37.291
10/2016
5.969
5.858
157
188
9.506
11.998
15.632
18.044
11/2016
6.823
8.404
208
154
3.419
10.947
10.450
19.505
12/2016
8.249
9.478
380
170
2.721
2.241
11.350
11.889
2016
95.252
102.164
1.299
684
74.328
61.539
170.879
164.387
01/2017
7.042
6.320
291
81
5.703
3.448
13.036
9.849
02/2017
7.985
7.342
405
231
7.588
5.864
15.978
13.437
03/2017
11.152
9.017
390
249
10.189
1.927
21.731
11.193
04/2017
12.566
10.342
294
185
5.067
4.385
17.927
14.912
05/2017
9.703
8.427
359
149
6.107
6.299
16.169
14.875
06/2017
10.303
8.260
551
357
8.200
4.391
19.055
13.008
07/2017
12.624
10.337
514
409
8.198
5.978
21.336
16.724
08/2017
9.405
6.838
239
76
6.204
6.099
15.848
13.013
09/2017
8.263
8.961
322
154
5.838
4.850
14.424
13.966
10/2017
14.035
14.554
569
140
4.546
5.227
19.150
19.921
11/2017
54.795
44.380
1.170
318
4.393
5.915
60.357
50.613
12/2007
17.879
16.725
627
262
6.576
5.044
25.082
22.031
Source: State Securities Committee
