VN's corporate bond market receives support from South Korea
VN's corporate bond market receives support from South Korea
The Ha Noi Stock Exchange (HNX) and South Korea's Knowledge Sharing Program (KSP) on October 22 signed a Memorandum of Understanding (MOU) to implement a project this year to improve Viet Nam's corporate bond market.
KSP specialists will help HNX learn from practices and experiences in South Korea's corporate bond market and its IT system.
KSP will also help HNX to develop human resources, encourage the Government to improve its regulatory system for the corporate bond market in Viet Nam and publish the project's results for stakeholders, including the two governments, HNX and companies.
The South Korean specialists will work with the Ministry of Finance, the State Securities Commission, the Vietnam Bond Market Association and market members, including securities firms and listed companies, to gain a deeper understanding of the country's corporate bond market.
At the meeting between HNX and KSP, the South Korean specialists shared their knowledge of the two corporate bond markets, and suggested that Viet Nam's corporate bond market could integrate into the Asian market soon under the Asia Bond Markets Initiative 2016-20.
KSP is a South Korean government-funded programme launched by the Ministry of Finance and Strategy in 2004 to share Korea's development know-how, assist its partner countries and bridge the knowledge divide.
