State Bank of Vietnam, HSBC Vietnam Hold Talks on Bringing Derivatives to Vietnamese Capital Markets - Vietnam Briefing News
Dec. 14 – The State Bank of Vietnam and HSBC Bank held a joint meeting on derivative products, the adoption of which the central bank considers important in integrating Vietnamese capital markets more closely with the rest of the world.
The aim of the workshop was to share experiences in using and managing derivatives, and to discuss what legal and practical issues would arise if the financial products were to be introduced to Vietnam.
Presentations were made on exchange markets, derivative credit, interest rate swaps, and cross-currency swaps.
In a possible boon for investors, Nguyen Vinh Hung, an official from the State Bank of Vietnam, confirmed that the agency will pay more attention to banking service products, with particular attention devoted to credit products that serve the development of merchant banks.
Hung expressed hope for further cooperation between the State Bank of Vietnam and HSBC in the future.
Recently, Vietnam has been undergoing internal conversations about enacting a slew of regulatory and financial reforms, including interest rate restructuring, banking and lending reform, and insurance market reform.