Secondary bond market to be operational in July

At the seminar "Unblocking capital flows in the stock market" on the morning of June 15, Ms. Ta Thanh Binh - Director of the Market Development Department (State Securities Commission) said that the unpredictable fluctuations of the market in recent times are a great experience for all investors, as well as management agencies in operating the market under great pressure from objective factors, while still having aspects for sustainable development.

This is also the goal of the management agency, the State Securities Commission is building a strategy for stock market development until 2030 and after consulting with many ministries and branches, the strategy has been officially submitted to the Prime Minister.

According to Ms. Binh, it is basically based on four main pillars, one of which is corporate governance. For a good stock market, it needs good listed companies and public companies.

That is why improving the quality of corporate governance of listed enterprises and public companies towards good environmental - social - governance (ESG) practices is an issue to aim for, creating a foundation for quality enterprises not only in the Vietnamese market but also to access the international capital market.

In addition, the State Securities Commission is also making efforts to create better products. For the derivatives market, one of the reasons why this market fluctuates strongly is because the number of derivative products is still too small. "When investors are too interested in a product, trading this product is somewhat excessive," said Ms. Binh.

Ms. Ta Thanh Binh, Director of Securities Market Development Department.

One of the tasks in the coming time, Ms. Binh said that the State Securities Commission will also try to immediately deploy other products in the derivatives market such as VN100 index futures in the near future, continuing with futures contracts with other underlying assets, then moving towards options contracts as is common practice in the world.

To support all this, the regulator will soon launch the new trading system KRX, which will not only support the deployment of new products but also assist the regulator in market surveillance based on the application of information technology advances.

The representative of the State Securities Commission also revealed that next July, the secondary market (trading market for individual bonds) will be put into operation, which experts expect will contribute to untangling the bottleneck in this market.

When this market operates, the role of member securities companies will become very important in controlling investors well when participating as professional securities investors.

In particular, the State Securities Commission is actively amending Decree 155, supplementing issues directly related to offering activities in the direction of reducing administrative procedures and clarifying the contents of the dossier so that businesses can access and complete the dossier quickly and conveniently .

Source: https://www.nguoiduatin.vn/thi-truong-trai-phieu-thu-cap-se-duoc-van-hanh-vao-thang-7-a612694.html