Tasks for Developing the Domestic Financial Market and Capital Market According to the Public Debt Strategy Until 2030

Task of enhancing publicity and transparency on mobilization, management, and use of public debt; improving the national credit rating according to the Public Debt Strategy until 2030

Based on Point d, Clause 1, Article 1 of Decision 460/QD-TTg of 2022, it is stipulated:

d) Continuously enhance publicity and transparency on mobilization, management, and use of public debt, improve the national credit rating

- Develop, submit to the Prime Minister of the Government of Vietnam for approval, and implement the National Credit Rating Improvement Orientation Scheme until 2030.

- Develop and implement strategies for engagement and maintaining relationships with domestic and international capital markets.

- Review and systematize reporting policies, improve periodic public disclosure of national public and foreign debt information, including online channels.

Task of developing the financial market, domestic capital market according to the Public Debt Strategy until 2030

Based on Point e, Clause 1, Article 1 of Decision 460/QD-TTg of 2022, it is stipulated:

e) Develop the financial market, domestic capital market

- Diversify issuance terms, including terms under 5 years, ensure the average issuance term within the scope permitted by the National Assembly, while meeting the needs of investors, contributing to the formation of a benchmark yield curve with a full range of reference terms for debt instruments as well as other economic components.

- Diversify the investor system in the Government of Vietnam bond market, prioritize the development of long-term investors such as investment funds and voluntary supplementary pension funds; attract foreign investors to participate in long-term investments in the market. Innovate the investment mechanism of Vietnam Social Security according to Resolution No. 28-NQ/TW dated May 23, 2018, of the Central Committee of the 12th term on reforming social insurance policies.

- Diversify market products to meet investors' needs; develop green Government of Vietnam bonds to mobilize funds for environmental protection projects supporting sustainable economic development. Research to include Government of Vietnam bonds in the international bond index basket to attract more investment funds and professional foreign investors.

Respectfully!