SUMMARY OF THE UPDATED THESIS KEY FINDINGS AND CONCLUSIONS
1. Research topic: "Solutions to developing corporate bond market in Vietnam"
2. Academic major: Finance & Banking Reference code: 62.34.02.01 3. Research student: Tran Vinh Quang
4. Name of the Tutors: - Dr. Dao Le Minh
- Assoc. Prof., Dr. Hoang Thi Thuy Nguyet 5. Institution: Academy of Finance
6. The newest findings and conclusions of the thesis:
- The thesis defines and clarifies the fundamental issues of a corporate bond and corporate bond market, it also presents views on developing a corporate bond market;
analyzes the factors affecting a corporate bond market; collects international experience in developing a corporate bond market and drawn practical lessons for Vietnam.
- The research also evaluates the practical situation of Vietnam’s corporate bond market on the aspects of business environment; legal framework for corporate bond market;
situation of both primary and secondary market, explanation of Vietnam’s corporate bond market limitations according to international custom criteria. In addition to the qualitative evaluation, the author also makes use of survey method to collect data from the experts, scientists, managers, etc.,. of the practical situation of Vietnam’s corporate bond market development, policy releases on the development of the market as well as recommending solutions to developing the market in the future.
- The thesis recommends threegroups of solutions to developing Vietnam’s corporate bond market in the coming period namely: solutions to improving legal documents of corporate bond market organization in which modification of the Decree No- 90/2011/NĐ-CP in the manner to better facilitate the entities of the corporate bond market; solutions to developing primary corporate bond market which focus on the solutions originated from corporates themselves and from the State, etc.,.; solutions to developing secondary market including: improving listing condition criteria for the corporates; taxincentives for the bond investors; facilitating credit rating agencies to take part in the corporate bond market; raising awareness of corporate bond market;
enhancing the role of the bond market policy makers; building a standard interest curve for the bonds; professionalizing stockbrokers; innovating market organizing model.
Hanoi, March 20th 2017 Supervisor 1
Dr. Dao Le Minh
Supervisor 2
Assoc. Prof., Dr. Hoang Thi Thuy Nguyet
Research Student
Tran Vinh Quang
