The Hanoi Stock Exchange (HNX) coordinated with the State Treasury tolaunch an online government bond transaction system (E-BTS) on June 26.

According to the HNX, the E-BTS is expected tomake the government bond market more lucrative, attracting more domesticand international capital to Vietnam’s bond market, eventuallycontributing to liquidation.

Addressing theceremony, Vice Chairman of the State Securities Committee Nguyen ThanhLong said the E-BTS is an important springboard to continually developthe government bond market, preparing it for integration into regionaland international markets.

The HNX and relevantagencies, Long said, would continue improving infrastructure, developnew products, research and build legal documents for the derivativesmarket.

He believed that the HNX, the VietnamSecurities Depository, members of the market and relevant units wouldsuccessfully build the derivatives and Vietnam securities markets,gradually integrating into regional and world markets.

The HNX also reported over 85 trillion VND (3.9 billion USD) worth ofgovernment bonds were sold in the first half of the year, down 37percent annually.

Of which, the State Treasurymobilised 70 trillion VND (3 billion USD), the Bank for Social Policiesdrew six trillion VND and the Vietnam Development Bank fetched ninetrillion VND (412.5 million USD).

It is arelatively positive picture of the secondary transaction market with thevalue of outright and repos transactions in the first six monthscontinually on the rise from the same period last year.

Outright transactions amounted to 300 trillion VND (13 billion USD)while the amount of repos transactions was 141 trillion VND (6.5 billionUSD). The average daily transaction value was 4.2 trillion VND (192million USD).-VNA