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Activities Calendar Ahead

Invitation to the training course on Risk Management in Banking on October 30-31, 2017 at Pan Pacific Hotel in Hanoi. We are pleased to invite you to the training course on Risk Management in Banking. This is a joint program of VBMA and FinArchitect The training course will be held on October 30-31, 2017 at Pan Pacific Hanoi Hotel, 1 Thanh...

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Invitation to the workshop on "Implementation of the Roadmap for Bond Market Development in the period of 2017-20120 and the vision to 2030"

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EXCLUSIVE INVITATION: Asia Risk Congress and workshops

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Invitation to the Workshop on Back Office Operation and Bond Valuation. The implementation of payment of government bonds at the State Bank of Vietnam has been officially launched on 1 August 2017, marking the successful transfer of payment function from a commercial bank to the State Bank. How has the back office operation changed since...

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Invitation to the workshop on the Vietnam Money Market and Short – Term Interest Rate Benchmark on May 12, 2017 in Hanoi.

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VBMA, in partnership with Asia Risk, is delighted to invite you to join the 6th annual Risk ASEAN conference being held on 24 May at the Majestic Hotel, Kuala Lumpur.

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Invitation to the 9th Interbank Offsite, Furama, Pullman and Premier Village – Danang from the 9th – 11th June, 2017. Summer always leaves a sweet memory for Interbankers. And once again, the Interbank Offsite 2017 kicks off today. It is home to all Interbank dealers, traders, investors, brokers etc… and has become an annual blockbuster...

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We are pleased to invite you to the Fixed Income Trading Techniques training course. The training course will be held on May 18-19, 2017 at Intercontinental Saigon, Corner Hai Ba Trung St. & Le Duan Blvd, District 1, HCMC.

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The Conference on the Draft Global Master Repo Agreement (Mini-GMRA) for Vietnam will be organized in the afternoon of the 20th of April 2017 at the Meeting Hall, 19th Floor, Vietcombank Tower 198 Tran Quang Khai Street, Hoan Kiem Distr., Hanoi.

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VBMA, in collaboration with DBS, would like to invite you to the Basel II – Breaking down the pillars Seminar held in Metropole Hanoi Hotel on the 03rd March, 2017.

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The VBMA 2016 Annual Meeting, VBMA 2016 Best Bond Award Ceremony, Policy Dialogue and the MOU Signing ceremony of Applying the Master Agreement for Outright Transactions will be organized at:

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In association with Asian Development Bank, The Asset is organizing its “11th Asian Bond Markets Summit” which will be held in Singapore on the 15th November 2016.

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VBMA, in collaboration with DBS, would like to invite you to the Basel II – Breaking down the pillars Seminar held in Ho Chi Minh City on the 29th November, 2016.

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The official proceedings of the Third General Assembly will be held on: Wednesday, October 26, 2016, 08:30 am –12:00 pm Thang Long meeting room, Sofitel Metropole Hanoi 56 Ly Thai To Street, Ha Noi

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VBMA, in partnership with Asia Risk, is delighted to provide you with the special discount to join Asia Risk workshops on FRTB and Standardised approach to be held on 4-5 October in Singapore.

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Invitation to the workshop on “ Getting Ready for Mandatory Margining” on August 08,2016 in Hanoi and August 09, 2016 in HCMC.

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Invitation to VBMA Training Course: BACK & MIDDLE OFFICE on August 11-12, 2016 in Da Nang

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Invitation to the 8th Interbank Offsite Furama, Pullman and Premier Village – Danang from the 10th – 12nd June, 2016

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Invitation to the Interest Rates Hedging Tools for Financial Market Seminar on April 13, 2016 in Hanoi

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Invitation to VBMA Training Course: Corporate Bond Issuance in Vietnam on April 14-15, 2016 in Hanoi.

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Invitation for VBMA members to Risk ASEAN conference and Basel III workshop. VBMA, in partnership with Asia Risk, is delighted to invite you to join the 5th annual Risk ASEAN conference being held on 19 May in Bangkok, Thailand.

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The Vietnam Bond Market Association (VBMA) would like to invite you to attend VBMA’s 2015 Annual Meeting and VBMA’s Market Maker Best Bond Award 2015 & Corporate Bond Database Launch on January 20, 2016 at 13:30pm at:

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VBMA would like to invite you to the Application of Bond Futures in Viet Nam training course. The training course will be held on November 26-27, 2015 from 08:30 am to 17:30 pm at Intercontinental Asiana Saigon, Corner Hai Ba Trung St. & Le Duan Blvd, District 1, Ho Chi Minh City, Vietnam. This training course will be conducted in...

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VBMA would like to invite you to attend the Seminar on “Experience of Malaysia Bond Market Development and Market Operation Field Trip” to be held on November 04-05, 2015 at At Pullman Kuala Lumper City Centre Hotel & Residences, Jalan Conlay, 50450 Kuala Lumper – Malaysia.

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VBMA would like to invite you to attend the Seminar on “Experience of Malaysia Bond Market Development and Market Operation Field Trip” to be held on November 04-05, 2015 at At Pullman Kuala Lumper City Centre Hotel & Residences, Jalan Conlay, 50450 Kuala Lumper – Malaysia.

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VBMA would like to invite you to the Application of Bond Futures in Viet Nam training course. The training course will be held on October 22-23, 2015 from 08:30 am to 17:30 pm at Intercontinental Hanoi Westlake, 1A Nghi Tam, Tay Ho, Hanoi. This training course will be conducted in English.

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Invitation to workshop on” Repo Market Development and GMRA for Vietnam” on October 19-20, 2015 in Hanoi. Vietnam Bond Market Association in collaboration with International Capital Market Association (ICMA) would like to invite you to the training workshop on” Repo Market Development and GMRA for Vietnam”. This 2 days training workshop...

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About Us History of VBMA

History of VBMA

How the VBMA was taking shape

In the recent years, the Government has been conducting a reform of Vietnam’s financial market. Besides the state’s actions, many organizations, businesses as well as the bond market participants have made great effort to contribute to develop the bond market. In November 2006 a group of local and international commercial banks, securities companies, fund management companies, and insurance companies formed the Vietnam Bond Market Forum (VNBF) that was intended to promote bond trading through disseminating and sharing market information, and standardizing commercial activities in the bond market in Vietnam.

The Forum was directed by an executive board that was voted out from the representatives of the members that were active in the Vietnamese Bond Market. The Forum’s executive board worked on a part-time basis, met monthly to discuss on and consent to the Forum’s plan of activities and allocation of work. Over  a period of three years, the VNBF’s activities brought about initial results for the market development. However, operating under the form of a forum, VNBF faced its own limitations such as matters concerning legal status, fundraising, and public recognition.

In March 2007, VNBF members collaborated and decided to start procedures to apply  for an official permit for the establishment of a professional association in compliance with the laws of Vietnam, thus helped to raise its legal status and financial capacity aimed to strengthen activities in order to effectively and practically contribite to the development of the bond market in general and bring about benefits to the members in particular. The association was named the Vietnam Bond Market Association (VBMA).

Development and official establishment of VBMA

At that time VNBF had a total of more than 50 members, and planned to increase the number to 100 or more when it becomes an association. Vietnam’s authorities such as the State Securities Commission, the Ministry of Finance, the State Bank of Vietnam were all in favor of the transformation from a forum to an association. VNBF officially established its office in May 2007, with an executive board secretary working full-time and being responsible for the operations of the office.

The draft charter was first completed in June 2008. In August 2008, the Ministry of  Finance approved the list of the Preparation Committee for establishing the VBMA. On May 22, 2009 the Minister of Interior issued an official decision allowing the establishment of the Vietnam Bond Market Association.

On December 31, 2009 based on the submission letter of the Association’s Chairman, the Minister of Interior decided to approve VBMA’s Charter, thus legally enabled the Association to set up its management and execution bodies aimed to execute and coordinate VBMA’s activities. The Executive Committee, Standing Committee, VBMA Office commenced operating since early 2010 and have been stabilized their operations step by step.

At the end of November 2010 VBMA has 59 members, of which there are 54 institutional members being local and foreign commercial banks, companies in finance, leasing, securities, fund management, insurance and law consultancy, and 5 individual members.