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Friday, July 19, 2024

Bonds worth nearly VND5.8 trillion traded in new trading system

By N.Tan

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HCMC – The newly introduced trading system for privately-placed corporate bonds has facilitated transactions totaling around VND5.8 trillion since it was launched last month, according to the Hanoi Stock Exchange (HNX).

Within the system’s first month of operation, 31 bond codes from five enterprises have been registered for transactions in the corporate bond trading system.

These enterprises include Bank for Investment and Development of Vietnam (BIDV), Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), VinFast Trading and Production JSC, Transport and Industry Development Investment JSC, and Phan Vu Investment Corporation.

Among these, Vietcombank has boasted the largest registered trading volume, featuring 15 bond codes with a combined value of VND7,240 billion.

In terms of liquidity, the system witnessed over 23.3 million bonds traded by the end of the August 18 trading session, with a transaction value of VND5,764 billion.

On average, a trading volume of one million bonds per session was achieved, with a trading value of VND250.6 billion.

Notably, Vietcombank bonds dominated the trading value at VND3.4 trillion, followed by BIDV bonds with a trading value exceeding VND1.8 trillion.

To date, all trading activities have been carried out by domestic investors.

Introduced by the HNX on July 19, the trading system for privately-placed corporate bonds aims to enhance liquidity in the corporate bond market and reduce risks for investors involved in such transactions.

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