The individual corporate bond trading system has increased sharply.

Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission, spoke at the conference.

According to Mr. Nguyen Duy Thinh, Chairman of HNX, despite the short preparation time, the individual corporate bond trading system has been launched and operated in accordance with the regulations of Decree 65/2022/ND-CP and the direction of the Ministry of Finance . After one year of operation, the individual corporate bond trading system has been operated safely and smoothly, the market size has grown strongly, along with the improvement of the situation of individual corporate bond issuance in the primary market.

Specifically, at the time of opening, the market had 19 individual corporate bond codes of 3 issuing organizations registered for trading with a total registered trading value of VND9,060 billion. After one year, the application was received and put into trading on the individual corporate bond trading system 1,146 bond codes of 301 enterprises with a registered trading value of nearly VND832,189.4 billion. The system of individual corporate bond trading members also developed rapidly from 8 members at the market opening day to 48 members on the current system.

In particular, the liquidity of individual corporate bonds has improved significantly, with the average trading value in the first month of the market opening reaching VND250.6 billion/session. After 1 year, the average trading value of individual corporate bonds reached VND3,704.5 billion/session, mainly focusing on investors such as credit institutions (38.3%) and securities companies (nearly 32%).

On the other hand, the development of the secondary market for individual corporate bonds also creates favorable conditions for enterprises to mobilize capital in the primary market, contributing to promoting the development of the primary market for individual corporate bonds in a healthier and more sustainable manner. In the domestic market, from July 19, 2023 to July 19, 2024, there were 167 successful issuances with a value of VND 393,892.6 billion.

Speaking at the Conference, Chairwoman of the State Securities Commission Vu Thi Chan Phuong highly appreciated the results achieved after one year of officially operating the individual corporate bond trading system. Ms. Vu Thi Chan Phuong affirmed: as a policy advisory agency, a state management agency, the State Securities Commission will continue to strengthen the management and supervision of securities trading organizations participating in providing services in the market; strictly punish violations of securities trading organizations as well as violations of issuing organizations according to the supervision results of HNX. At the same time, the State Securities Commission will actively coordinate with relevant agencies, units and organizations in implementing solutions and proposals for market development; we will accompany the Stock Exchanges, VSDC, and market members in the effort to develop the Vietnamese corporate bond market more and more sustainably and safely...

Source: https://baotainguyenmoitruong.vn/he-thong-giao-dich-trai-phieu-doanh-nghiep-rieng-le-tang-manh-378456.html