| Abstract | The purpose of this research is to achieve a better understanding of the bond, and the bond market in Vietnam and its intergarted between other market in Emerging Asia Bond Market as well as some major bond, procedure and implementation and how they coordinate their activities. This research uses primary data from in-depth interviews and secondary data from reports, articles, webside and journals. It has been found that the bond market is a still a powerful tool for mobilize the capital for the enterprise of Vietnam . In order to develop the Vietnam corporate bond market, the research provide some solutions such as giving advice, doing training, providing funds, assisting expert, at the operational level they act as policy maker, issuer, investor…. The good coordination between them is achieved through hierarchy, shared core and policy values which also achieved through market coordination in form of allocating porfolio the capital. Complementary roles and shared values bring benefits for all player in Vietnam bond market.
However, the existing problems and challenges are due to resource constraints and other - secondary - aspects of issuer, investor, policy maker, as well as the financial-money policy. They are securing the budget, expanding successful pilot models, not reaching the root of the issuer, ensuring the sustainability of investor and enhance capacity of policy maker. The research study ends with some solutions are proposed and recommendations are specified. |