Vietnam Securities Market Promoted

The Ministry of Finance and HSBC has signed a MOU to promote the development of financial and securities market in Vietnam. Accordingly, HSBC will consult and assist the Ministry of Finance in the development of government bond and corporate bond markets, advise on risk management experiences of the international securities market in Vietnam and establish a credibility rating mechanism. HSBC will also organize training courses for the staff of the Ministry of Finance on securities market, risk management, property management.

 

The MOU has also provided that the Ministry of Finance will facilitate HSBC in consulting, issuing collateral for international transactions of government and corporate bonds in accordance with Vietnamese law, and in the future, listing shares of Vietnamese companies on foreign markets.