The Vietnam Association of Financial Investors (VAFI) has sent the prime minister a notable proposal meant to look for solutions to mobilize long-term, low-cost capital for the economy. Two key takeaways from the proposal are to allow financially healthy banks to issue bonds with payment guarantees from the State Bank of Vietnam (SBV); and let local governments and State financial organizations to sell bonds with the Ministry of Finance serving as the payment guarantor. The VAFI proposal stresses that “SBV needs to spell out the proportion and volume of bonds […]