Derivatives market launch in 2016, will help cos hedge interest rate & exchange rate ops in Vietnam: SSC

Nguyen Thanh Long, vice president of the Vietnam State Securities Commission, speaks at a recent conference on derivatives.

The Ministry of Finance, Vietnam has set a target to form a derivatives market by the end of next year. It recently issued a Decree 42/2015/ND-CP as the official legislation to frame the operation of the instruments.

Through 15 years of development, Vietnam has operated only the stocks and bond markets. In recent years, the country has been researching to restructure the entire securities market, by improving the quality of brokerage houses and launching new indices as underlying assets for a diversity of products, including derivatives.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter