The Workshop on “Corporate Bond Market, Liquidity Management in a Volatile Environment, and Market Outlook” held on June 23 in Da Nang city is the first event of Interbank Offsite 2023.

The Workshop attracted over 500 partcipants from various financial institutions, service providers, governmental agencies, .... Experts from Credit Guarantee for Investment Agency (CGIF), KPMG, Vietnam Investors Service, FIS, UBS and Vietcombank delivered 6 presentations on several topics of great interest.

In her opening speech, Ms. Pham Phuong Lan, Vice Chairwoman of VBMA, said: “The State Bank of Vietnam has become the first central bank in the region to loosen monetary policy, this is the Government's effort to support support economic growth. We expect lower policy rates and continued recovery in tourist flows from China to support growth in the second half of 2023. The government has attempted to stabilize the corporate bond market by issuing new decrees to stabilize the market, but more comprehensive policies will be needed to support the market."

During the first panel discussion, experts from many domestic and foreign financial institutions, along with representatives from regulatory agencies, discussed prospects of the corporate bond market in the second half of 2023 and 2024, China's experiences in dealing with corporate bond default, solutions to restore investor confidence and bring the market to a new stage of development, and the trend of green bonds and sustainable bonds in Vietnam as well as the region.

In the second panel discussion, the speakers focused on analyzing market liquidity, macroeconomic situations of the world and Vietnam, forecasting future trend of the bond, stock, interest rate and foreign exchange markets.