• Taking Stock of Vietnam's Government Bond Market Operation and Development Over 15 Years

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  • VBMA is Honored to Receive Certificate of Commendation from the Minister of Finance

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  • VBMA Standing Committee met on October 18, 2024

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Recent Activity

  • Government Bond Auction Result on February 05, 2025

    05/02/2025

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  • Announcement on the Government Bond Auction plan for February 2025

    23/01/2025

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  • Welcome Vietcap Securities becoming a member of Vietnam Bond Market Association

    22/01/2025

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Events

  • Announcement on the schedule of repurchase transaction of Government bond February 10 - February 14, 2025

    Announcement on the schedule of repurchase transaction of Government bond February 10 - February 14, 2025

    10/02/2025

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  • Announcement about the Government Bond Auction on February 12, 2025

    Announcement about the Government Bond Auction on February 12, 2025

    12/02/2025

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  • Sponsors for Interbank Offsite 2024

    Interbank Offsite 2024

    09/08/2025

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Top 10 Outright most traded bond codes
Bond code Trading value (VND billion) Term of maturity (years)
Month 01-2025
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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