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The system will allow treasury bills to be issued via the State Bank of Vietnam (SBV), deposited at the VSD and listed on the HNX bond trading board.
With the introduction of the system, all Government bonds including treasury bonds and bills will be traded on a single market, which benefits both bond owners and market regulators.
Deputy Minister of Finance Tran Xuan Ha said that public debt is now equivalent to 14% of Vietnam’s 2011 GDP with treasury bills totalling VND10 trillion ($480 million) and listed Government bonds valued at VND337.9 trillion ($16.2 billion).
He added that the Finance Ministry will focus on developing the Government bond market as a key to restructuring the financial market.
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