Decree 141/2003/ND-CP provides an overview of government bond issuance in the market. Specific bidding procedures and conventions for new issues of treasury bills and foreign currency-denominated bonds are outlined in the circular, which is linked below.

The Ho Chi Minh Stock Exchange (HOSE) is Viet Nam’s first trading board. It operates a computerized, automatic-order-matching trading system and a put-through trading facility for brokers dealing directly with each other. Details of system processes and procedures can be found by following the links included below.

Viet Nam opened its second securities trading center in March 2005, the Hanoi Securities Trading Centre (HASTC). Government, government-backed, provincial, and unlisted bonds are eligible to be auctioned and traded at HASTC.

Bidding procedures for new issues of government bonds at the securities trading center; and procedures for issuing government bonds through the treasury system, underwriting, and the issuance agency are guided by, respectively, Circular Nos. 21-, 32-, and 29- /2004/TT-BTC. English-language versions of these circulars are not available online.

The State Securities Commission (SSC) issued a decision known as “dispatch 450� on information disclosure requirements for joint-stock banks listing shares or bonds on the stock market. Quarterly and annual financial reports must be submitted, along with supplemental quarterly reports on corporate results.