There may be differing opinions about the size of Vietnam’s domestic bond market, but one thing no one doubts is the government’s determination to make it an effective channel to finance the country’s development.
The enactment of Decree 163 and forthcoming securities law will help the market to move to the next stage of development, encouraging more issuers and investors.
Top domestic brokers are also actively trying to encourage foreign participation. This week, for example, Techcom Securities has embarked on its first international roadshow, promoting liberalisation measures to asset managers in Hong Kong and Singapore.
Yet, if it is successful, it will be...