VBMA had a meeting and discussion with representatives of ILA Luxembourg, AmiCoach and VASB on the application of the code of conduct in the Vietnamese bond market

17/06/2021

On June 4, 2019, Mr. Do Ngoc Quynh - General Secretary of Vietnam Bond Market Association, had a meeting and discussed with Ms. Bachner Monique - Director of ILA Luxembourg, Ms. Nguyen Hoai Phuong, representative of Vietnam AmiCoach and representatives of Vietnam VASB Securities Business Association on the situation of Vietnam's financial market as well as the ways and difficulties encountered in applying the code of ethics & conduct.

In this meeting, Mr. Do Ngoc Quynh talked about the unique characteristics of the Vietnamese market, advantages and disadvantages and achievements. At the same time, he also emphasized the importance of widely applying the code of conduct in an open, competitive economy and with the demands of industrialization to meet national standards. sacrifice.

He also gave more specific examples of difficulties that would be encountered such as conflict of interest, limitations on market transparency, limitations to the regulations, terms used as well as the need of reliable market benchmarks.

All parties had come to an agreement on the application of the Hong Kong market model, a well-developed mảket with strict regulations and rules to be the orientation for Vietnam market. It will not only ideal to build a healthy and exponentially developing Vietnamese capital market, increasing its credit but also helping to attract foreign investors to a young and potential market.