Vietnam officially launches derivatives market

Deputy PM Vuong Dinh on Thursday attends the launching ceremony of Viet Nam’s derivatives market which is expected to lure more investment to capital market and broaden finance industry of the country.

Deputy PM Vuong Dinh Hue (3rd from left) presses the button to launch the derivatives market in Ha Noi on August 10, 2017. Photo: VGP

Speaking at the launching ceremony, Deputy PM Hue said the derivatives market will produce positive impacts on transparancy of the securities market and play as a safe capital mobilization channel to support economic growth.

The move also aims to improve the structure of the financial market and forms part of the country’s strategy for securities market development, he added.

In 2007, Viet Nam passed a plan on capital market development through 2010, vision to 2020, which includes the formation of derivatives market.

In 2014, the Government approved a project on developing the derivatives market.

Source VGP