On May 30, 2025, the Vietnam Bond Market Association (VBMA) held the “2025 Bond Market Dialogue and VBMA Best Bond and FX Swap Awards Ceremony for 2024.”

The event was attended by VBMA members, along with distinguished guests from the Ministry of Finance, the State Bank of Vietnam, the State Securities Commission, the State Treasury, the Vietnam Stock Exchange, the Hanoi Stock Exchange, and the Vietnam Securities Depository and Clearing Corporation. Mr. Vu Quang Dong, VBMA Vice Chairman, delivered the opening speech.

At the beginning of the program, Mr. Vuong Thanh Long – Vice Chairman and Head of Market Development Committee of VBMA – delivered a presentation on the performance of the bond market over the first five months of the year, along with forecasts for the bond market and macroeconomic outlook in the remaining months of 2025, and member recommendations to promote the development of both the Government bond and corporate bond markets. These forecasts were based on results from VBMA’s Quarterly Bond Market and Macroeconomic Survey conducted in May 2025.

Representatives from the Ministry of Finance and the State Securities Commission also delivered remarks, providing updates on policy developments, strategic directions for the bond market, and newly issued regulations related to fund management and the Vietnamese securities market. Participants actively engaged in a Q&A session, discussing key proposals for market development with representatives from the Ministry of Finance, the State Bank of Vietnam, the State Securities Commission, and the State Treasury.

Also at the event, VBMA presented 27 awards to outstanding market makers in 2024 across four trading rooms: Government Bond Outright Transactions, Government Bond Repo Transactions, FX Swap, and FI Bond & CD.

The active contributions of market makers have played a vital role in the effective functioning of 4 market maker agreements (MMA), supporting the formation and maintenance of benchmark curves for VBMA members as well as domestic and international investors. These efforts have also helped improve liquidity and enhance transparency in Vietnam’s financial market.

Below are images from the VBMA Best Bond and FX Swap Ceremony: