“After one year of operation, the trading system for bonds issued through private placement at the Hanoi Stock Exchange has recorded 1,146 bond codes from 301 issuing companies, with a total registered trading value of around VND 830 trillion. However, only 50% of the issuing organizations have conducted transactions, and only 38% of bond codes have been traded.

Moreover, about 70% of the traded bonds either lack sufficent information for valuation or fail to meet standards. Consequently, the bonds that can be considered “qualified” account for just over 10% of the registered trades.” – The Saigon Times

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An Elephant In The Room