After a month of operation, the market for individual corporate bonds has expanded significantly.

DNHN - According to HNX, after one month of operation, the bond market has made numerous significant improvements, with a focus on increasing transparency and reducing investor risk.

The Private Corporate Bond Market (TPDNRL) in Vietnam, which opened on July 19, 2023, has experienced rapid growth within a month, sending a positive signal to the economic community. Not only are 31 TPDNRL codes registered for trading, but the impressive total value exceeds VND 5,764.8 billion, reflecting the expansion. The market has grown in size and liquidity, bringing about optimistic prospects for the future.

The TPDNRL trading system at the Hanoi Stock Exchange (HNX) has demonstrated its safety, transparency, and dependability after one month of operation. Excellent resolution of technical issues creates favorable conditions for investor participation. The size of the market continues to expand, and the liquidity of bonds remains stable.

On the first day of trading, 19 TPDNRL codes were made available. However, after only one month, HNX welcomed 12 new TPDNRL codes, bringing the total to 31. Notable participants included Joint Stock Bank for Investment and Development of Vietnam (BIDV), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), VINFAST Production and Trading JSC, Transport and Industry Development Investment JSC, and Phan Vu Investment Joint Stock Company, with a total of 31 bond codes. Vietcombank ranked first with the greatest number of traded bonds, reaching 15 stocks with a staggering value of up to VND 7,240 billion.

In terms of liquidity, the total trading volume on the bond market reached 23,328,110 bonds, or 5,764.9 billion dong, by August 18, 2023. Significantly, the average daily volume of 1 million bonds and 250.6 billion VND highlights the market's attractiveness and liquidity. Bonds issued by Vietcombank and BIDV with transaction values of VND 3,412,707 billion and VND 1,832 billion, respectively, contributed to diversification. Every transaction occurs on the domestic market.

The TPDNRL trading member system is currently comprised of eight member securities firms. It is anticipated that this number will continue to rise once 15 member securities firms and 1 commercial bank have completed participation procedures.

According to HNX, after one month of operation, the bond market has made numerous significant improvements, with a focus on increasing transparency and reducing investor risk. This not only contributes to the improvement of the bond market's liquidity but also provides essential information for the primary market, thereby facilitating the capital-raising efforts of businesses.

In June 2023, there were sixteen bond issuances totaling up to VND 7,625 billion. The value of July's 32 issuances reached 28,750 billion dong, marking a continuation of the month's promotion. Since the beginning of August 2023, there have been 18 additional issuances totaling VND 29,839 billion.

By the provisions of Decree 65/2022/ND-CP, all privately issued bonds must participate in centralized trading on the TPDNRL system at HNX within three months of the system's launch. This will contribute to the creation of a conducive environment for the distribution of bonds by limiting irresponsible behavior and ensuring regulatory compliance.

After one month of operation, the bond market in Vietnam has demonstrated impressive growth, generating investor anticipation for a new investment opportunity and contributing to the economy's sustainable development. economic efficiency.

PV (t/h)