Trang Chủ
In August and September 2017, DIV signed cooperation agreements in the field of government bond investment with three banking partners, namely the Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and Military Joint Stock Commercial Bank (MB). The selection of these banks was made upon the Ministry of Finance’s annual evaluation results of bidding and bond trading members and the criteria on the selection of bidding service providers in the primary market and providers to place trading orders in the secondary market.
Accordingly, Techcombank, VPBank and MB are big joint stock banks that have strong positions in the market, successfully implement Government bond trading and cash flow management. etc ... All three banks are ranked on the Top 10 bidding and bond market participants in 2016.
The signing of cooperation agreements between DIV and the above three banks is planned to expand cooperation and diversify relationships with the bond market participants in Vietnam. While DIV's investment capital continues to increase positively, the number of partners is still limited. The signing of those cooperation agreements is an important step not only for DIV but also for the development and diversification of the investors in line with the Decision No.1191/ QD-TTg signed by the Prime Minister on August 14, 2017 approving the roadmap for development of the bond market during the 2017-2020 period with a vision to 2030.
Previously, in 2015 and 2016, DIV signed comprehensive cooperation agreements with 04 state-owned commercial joint stock banks including the Joint Stock Commercial Bank of Foreign Trade (Vietcombank), the Bank for Investment and Development of Vietnam (BIDV), the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank). In addition, in order to effectively and professionally invest in the government bonds, DIV also signed Principle Agreements with the securities companies directly under four state-owned banks during the period of 2015-2016 with the purpose of fiduciary bidding, placing orders and depositing the bonds for DIV.
It is generally seen from the results of the cooperation with those partners that the services and quality of the entities entrusted by DIV for the bidding, placing orders and depositing bonds are professional, timely, effective and accurate, which has contributed to the success of DIV capital investment activities in government bonds during the past 3 years.
With a total of seven big commercial bank partners, it is expected that DIV idle capital investment in government bonds will achieve the best results in terms of improving efficiency and quality, not to mention the indispensible contribution of banking services, bidding, placing orders, deposit and principal payment. It will help DIV grow and develop steadily and sustainably.
