• VBMA Recognizes Contributions of Market Makers for Outright, Repo, FX Swap, and FI Bond & CD transaction in the 4th term

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  • VBMA successfully organized the 5th General Assembly for the period 2024 – 2027

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  • VBMA Executive Committee meeting on May 8th, 2024 in Ha Noi

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Recent Activity

  • Government Bond Auction Result on July 17th, 2024

    17/07/2024

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  • Government Bond Auction Result on July 10th, 2024

    10/07/2024

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  • Government Bond Auction Result on July 3rd, 2024

    03/07/2024

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Events

  • Announcement about the Government Bond Auction on July 24, 2024

    Announcement about the Government Bond Auction on July 24, 2024

    24/07/2024

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  • Interbank Offsite 2024

    The Interbank Offsite 2024 event is scheduled to be held from August 9th to 11th in the city of Da Nang.

    09/08/2024

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Top 10 Outright most traded bond codes
Bond code Trading value (VND billion) Term of maturity (years)
Month 06-2024
Primary Market
Offering value (VND billion) Bidding value (VND billion) Winning value (VND billion)
Secondary Market
Total trading value (VND billion) Outright trading value (VND billion) Repo trading value (VND billion)
VBMA Government Bond Yield
  • VBMA Government Bond Yield Fixing

    The Vietnam Bond Market Association has implemented a Market Maker Agreement for Outright Transaction (MMA) since 2012. In 2021, there are 13 market makers participating in implementing this agreement. The successful implementation of the MMA is one of VBMA's contributions to the development of the Vietnamese bond market through building and providing bond prices for the entire market as well as boosting Vietnam bond market liquidity.

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  • VBMA Short-term Benchmark Rate

    The Market Maker Agreement for repo transactions (MMA) has been implemented since June 1st, 2020. In 2021, there are 11 market makers taking part in implementing this agreement. The implementation of the MMA initially provides market members with a reliable short-term benchmark rate curve while boosting liquidity for the Repo market.

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  • VBMA FX Swap Curve

    MMA for FX Swap transaction has been implemented since September 2021 with the participation of 14 market makers. The agreement, basing on the recorded trading price in the market, will establish the protocol to determine the FX Swap Curve – a primary input to price forward contracts.

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  • VBMA FI Bond and FI CD Curve

    The MMA for FI Bonds and CDs has been implemented since September 2023 with the participation of 12 Market Makers. VBMA implemented this agreement with the desire to support market liquidity and initially built a curve for FI bonds and CDs in Vietnam bond market.

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