On 15th and 17th of Aug. 2006, a group of bankers based in Hanoi and Ho Chi Minh City met to exchange views and ideas for the development of Vietnam Bond Market.

On January 26, 2007 in Hanoi, 37 financial institutions operating in Vietnam jointly signed a Memorandum of Understanding to participate and establish Vietnam Bond Market Forum and reach an agreement to cooperate and establish the Vietnam Bond Market Association. July 22, 2008 marks the Ministry of Finance’s official approval for the Campaign Committee to set up the Vietnam Bond Market Association. The Campaign Committee operated effectively and was officially granted the license to establish the Association by Vietnam Ministry of Home Affair on May 22, 2009. The Establishment General Assembly of VBMA was held successfully on August 14, 2009 in Hanoi with 60 founding members present.

VBMA has organized 4 General Assemblies and celebrated its 10-year anniversary on December 2019.