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Activities Calendar Ahead

The 11th Interbank Offsite will be held from Friday 21st June thru Sunday 23rd June 2019 in Danang

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VBMA’s 2018 Annual Meeting will be organized on March 12, 2019 at 13:30 at Intercontinental Westlake Hanoi Hote, 5 Tu Hoa, Tay Ho District, Hanoi, Vietnam

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VBMA would like to invite you to the 2 day training program on Managing Repo & Securities Lending Transactions which will be organized on March 14-15 2019 at Intercontinental Hanoi Westlake Hotel, 5 Tu Hoa, Tay Ho, Hanoi, Vietnam

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VBMA would like to invite you to the 2 day training program on Application of Bond Futures in Vietnam which will be organized on December 6-7, 2018 at Sheraton Hanoi Hotel, K5 Nghi Tam, 11 Xuan Dieu Street, Tay Ho District, Hanoi.

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The Asset 13th Asian Bond Markets Summit will be held at 20th November 2018 at the Four Seasons Hotel

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VBMA would like to invite you to the 2 day training program on Fixed Income Valuation which will be organized on November 7-8, 2018 at Sofitel Saigon Plaza, 17 Le Duan Blvd., Dist. 1, Ho Chi Minh City, Vietnam.

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Vietnam Bond Market Association (VBMA) would like to invite you to participate in the conference "Implementation of the Bond Future in Vietnam" organized by VBMA in cooperation with Hanoi Stock Exchange (HNX) and Vietnam Securities Depository (VSD)

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VBMA would like to invite you to participate in the Workshop introducing the final draft English version of the mini-GMRA. The workshop will be held at 09:00 am, September 26th 2018, 19th floor, Vietcombank Head Office, 198 Tran Quang Khai, Hanoi.

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VBMA would like to invite you to the Training Course on Corporate Bond Issuance in Vietnam on September 13-14, 2018 at Pan Pacific Hanoi, 1 Thanh Nien Road, Ba Dinh Dist., Hanoi.

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VBMA, in partnership with Asia Risk, is delighted to invite you to join the 14th annual Asia Risk Congress being held on the 13th of September at the Marina Bay Sands in Singapore.

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VBMA would like to invite members to join The Global Borrowers & Investors Forum - Asia, supported by Monetary Authority of Singapore (MAS). The event will bring together over 600 international and Asian bond market participants to Marina Bay Sands Singapore on 6 September.

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VBMA would like to invite Members to join the 10th Interbank Offsite event, set for the summer weekend from Friday 15th June thru Sunday 17th June 2017 at Furama, Pullman and Premier Village – Danang

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Invitation to the Fixed Income Trading Techniques training course. The training course will be held on May 10-11, 2018 at Intercontinental Saigon, Corner Hai Ba Trung St. & Le Duan Blvd, District 1, HCMC

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VBMA, in partnership with Asia Risk, is delighted to invite you to join Risk ASEAN conference on 7 May at Fairmont Hotel, Jakarta and Basel III training course on 8-9 May in Jakarta.

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Consultation workshop for the Draft of the Decree on issuance, registration, depository, listing and trading of Government debt instruments

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Final consultation workshop on the lastest draft of master repurchase agreement (Mini-GMRA)

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Invitation to VBMA Annual Meeting 2017 - VBMA Best Bond Award Ceremony 2017

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Invitation to the Training Course on Corporate Bond Issuance in Vietnam

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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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VBMA News VBMA News

Press Release: VBMA Annual Meeting 2018, VBMA Best Bond Award 2018 and Ceremony for Launching & MOU Signing for implementing the Mini GMRA in Vietnam Market (13/03/2019)

Hanoi, March 12th , 2019 - The 2018 Annual Meeting of the Vietnam Bond Market Association (VBMA) was held with the participation of more than160 delegates representing 69 members of the Association. and guest representatives from the Ministry of Finance, the State Bank of Vietnam, the State Securities Commission, the Hanoi Stock Exchange and the Vietnam Securities Depository, the State Treasury, National Financial Supervisory Commission, ADB and representatives of the financial news agency Bloomberg, Infinitiv and a number of local newspapers ... At the conference, members of VBMA approved the 2018 operation report of VBMA and operation plan for 2019.

Speaking at the opening remarks, Nguyen Thi Kim Oanh, Chairwoman of VBMA, highlighted the bond market's achievement in 2018 and affirmed the need to develop the Vietnamese bond market, especially the development of the corporate bond market, which is one of VBMA's focus areas in 2019. 2019 is also the 10th anniversary of the establishment of VBMA as well as the 10th anniversary of the specialized Government bond trading system.

At the VBMA’s 2018 General Meeting, VBMA has launched the master repurchase agreement (VBMA MRA) for use in the Vietnam bond market. The VBMA MRA, which is developed with the support of Asia Development Bank (ADB), substantially departs from the well-known model form of master repurchase agreement introduced by the International Capital Market Association (ICMA) in 2011 (2011 Global Master Repurchase Agreement, “GMRA”). However, unlike GMRA which is used for cross-border repos, VBMA MRA is intended to document repos transactions involving local debt securities among commercial banks and other financial institutions in Vietnam. Thus, VBMA MRA is specifically tailored to deal with Vietnamese law issues and local market practice.

Nguyen Thi Kim Oanh, the VBMA Chairwoman said “Introduction of VBMA master repurchase agreement demonstrates the VBMA’s commitment to the market and ADB’s support for this initiative is vital. The effort in developing and launching this MRA has great significance. The application of this MRA will minimize the time to negotiate trading agreement between partners in the market, minimize risks, increase transparency, fairness and professionalism in repo transactions between members and thereby contributing to minimizing transaction processing time, reducing transaction costs, and attracting new investors to more easily participate in the market. Therefore, the implementation of the VBMA’s master agreement for bond repo transaction is expected to contribute significantly to encourage the promotion of trading activities on the Repo market, increase the liquidity for the market in Vietnam bond market in the near future”.

“Today 18 financial institutions have signed a protocol adhering to the use of the VBMA GMRA. Undoubtedly, this form of agreement will be widely used in the Vietnam repo market in the years to come. This would help us to get closer to international repo market practice”, added Do Ngoc Quynh, the VBMA Secretary General.

At this General Meeting, 18 members of VBMA include: Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Bank for Agriculture and Rural Development (Agribank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Hochiminh City Development Joint Stock Commercial Bank (HDBank), Vietnam Maritime Joint Stock Commercial Bank (MSB), Baoviet Securities Company (BVSC), Saigon Joint Stock Commercial Bank (SCB), Tienphong Commercial Joint Stock Bank (TPBank), Vietnam Prosperity Joint Stock Commercial bank (VPBank), Orient Commercial Joint Stock Bank (OCB), Vietnam Thuong Tin Joint Stock Commercial Bank (VietBank), Nam A Joint Stock Commercial Bank (Nam Á Bank), Saigon Commercial Joint Stock Bank (Sacombank), Military Joint-Stock Commercial Bank (MB Bank), Lienviet Post Joint-stock Commercial Bank (LienVietPostBank), Saigon – Hanoi Commercial Joint Stock Bank (SHB) and SouthEast Asia Joint Stock Bank (SeABank) singed an MOU for implementing the mini GMRA.

VBMA's Best Bond Award 2018 is a recognition of the contributions of all market makers in the effort to build and provide bond prices for the entire market and boost liquidity in the market. The award with 2 prize categories is awarded to market makers including: Market makers VBMA offers the best prices in 2018 and VBMA market makers had the highest trading volume in 2018.

The highest trading volume market maker award in 2018 was awarded to Vietnam Technological and Commercial Joint Stock Bank, the second highest trading volume market maker in 2018, Vietnam Maritime Commercial Joint Stock Bank and the third highest in 2018 is BIDV.

Award for the best market maker with best quote price offered to Vietnam Maritime Commercial Joint Stock Bank, the second best quote price was given to Vietnam Technological and Commercial Joint Stock Bank and the third place was awarded to Sacombank

Download the press release here