ASEAN+3 Bond Market Guide 2018 Viet Nam
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides
information such as the history, legal and regulatory framework, specifc characteristics of the market,
trading and transaction (including settlement systems), and other relevant information. The ASEAN+3
Bond Market Guide 2018 Viet Nam is an outcome of the strong support and kind contributions of ASEAN+3
Bond Market Forum members and experts, particularly from Viet Nam.
About the Asian Development Bank
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacifc,
while sustaining its eforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—
48 from the region. Its main instruments for helping its developing member countries are policy dialogue,
loans, equity investments, guarantees, grants, and technical assistance.
AsiAn Development BAnk
6 ADB Avenue, Mandaluyong City
1550 Metro Manila, Philippines
adb
ASIAN DEVELOPMENT BANK
ASEAN+3 BoNd
MArkEt GuidE
ViEt NAM
octoBEr 2018
ASEAN+3 BoNd
MArkEt GuidE
ViEt NAM
octoBEr 2018
Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
2018 Asian Development Bank
6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines
Tel +63 2 632 4444; Fax +63 2 636 2444
adb
Some rights reserved. Published in 2018.
ISBN 978-92-9261-336-5 (print), 978-92-9261-337-2 (electronic)
ISSN 2616-4663 (print), 2616-4671 (electronic)
Publication Stock No. TCS189569-2
http://dx.doi/10.22617/TCS189569-2
The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies
of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.
ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any
consequence of their use. The mention of specific companies or products of manufacturers does not imply that they
are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.
By making any designation of or reference to a particular territory or geographic area, or by using the term “country”
in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.
This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
https://creativecommons/licenses/by/3.0/igo/ By using the content of this publication, you agree to be bound
by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and
terms of use at adb/terms-use#openaccess
This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed
to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB
cannot be held liable for any claims that arise as a result of your use of the material.
Please contact pubsmarketing@adb if you have questions or comments with respect to content, or if you wish
to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use
the ADB logo.
Notes:
Corrigenda to ADB publications may be found at adb/publications/corrigenda
In this report, international standards for naming conventions—International Organization for Standardization
(ISO) 3166 for country codes and ISO 4217 for currency codes—are used to reflect the discussions of the ASEAN+3
Bond Market Forum to promote and support implementation of international standards in financial
transactions in the region. ASEAN+3 comprises the Association of Southeast Asian Nations (ASEAN) plus the
People’s Republic of China, Japan, and the Republic of Korea.
The economies of ASEAN+3 as defined in ISO 3166 include Brunei Darussalam (BN; BRN); Cambodia (KH; KHM);
the People’s Republic of China (CH; CHN); Hong Kong, China (HK; HKG); Indonesia (ID; IDN); Japan (JP; JPN);
the Republic of Korea (KR; KOR); the Lao People’s Democratic Republic (LA; LAO); Malaysia (MY; MYS); Myanmar
(MM; MMR); the Philippines (PH; PHL); Singapore (SG; SGP); Thailand (TH; THA); and Viet Nam (VN; VNM).
The currencies of ASEAN+3 as defined in ISO 4217 include the Brunei dollar (BND), Cambodian riel (KHR),
Chinese renminbi (CNY), Hong Kong dollar (HKD), Indonesian rupiah (IDR), Japanese yen (JPY), Korean won
(KRW), Lao kip (LAK), Malaysian ringgit (MYR), Myanmar kyat (MMK), Philippine peso (PHP), Singapore dollar
(SGD), Thai baht (THB), and Vietnamese dong (VND).
2018 Asian Development Bank
6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines
Tel +63 2 632 4444; Fax +63 2 636 2444
adb
Some rights reserved. Published in 2018.
ISBN 978-92-9261-336-5 (print), 978-92-9261-337-2 (electronic)
ISSN 2616-4663 (print), 2616-4671 (electronic)
Publication Stock No. TCS189569-2
http://dx.doi/10.22617/TCS189569-2
The views expressed in this publication are those of the authors and do not necessarily refect the views and
policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.
ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility
for any consequence of their use. The mention of specifc companies or products of manufacturers does not
imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are
not mentioned.
By making any designation of or reference to a particular territory or geographic area, or by using the term
“country” in this document, ADB does not intend to make any judgments as to the legal or other status of any
territory or area.
This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
https://creativecommons/licenses/by/3.0/igo/ By using the content of this publication, you agree to be
bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read
the provisions and terms of use at adb/terms-use#openaccess
This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed
to another source, please contact the copyright owner or publisher of that source for permission to reproduce it.
ADB cannot be held liable for any claims that arise as a result of your use of the material.
Please contact pubsmarketing@adb if you have questions or comments with respect to content, or if you
wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission
to use the ADB logo.
Notes:
Corrigenda to ADB publications may be found at adb/publications/corrigenda
In this report, international standards for naming conventions—International Organization for Standardization
(ISO) 3166 for country codes and ISO 4217 for currency codes—are used to refect the discussions of the
ASEAN+3 Bond Market Forum to promote and support implementation of international standards in fnancial
transactions in the region. ASEAN+3 comprises the Association of Southeast Asian Nations (ASEAN) plus the
People’s Republic of China, Japan, and the Republic of Korea.
The economies of ASEAN+3 as defned in ISO 3166 include Brunei Darussalam (BN; BRN); Cambodia
(KH; KHM); the People’s Republic of China (CH; CHN); Hong Kong, China (HK; HKG); Indonesia (ID; IDN);
Japan (JP; JPN); the Republic of Korea (KR; KOR); the Lao People’s Democratic Republic (LA; LAO); Malaysia
(MY; MYS); Myanmar (MM; MMR); the Philippines (PH; PHL); Singapore (SG; SGP); Thailand (TH; THA);
and Viet Nam (VN;