Factors affect to trading volume of listed corporate bonds in Vietnam

Abstract

Corporate bond market plays an important role in forming long-term capital for enterprises. In par-ticular, the secondary market has the effect of increasing liquidity and determining the price of cor-porate bonds issued on the primary market. Therefore, the secondary market has made a development for the corporate bond market. In Vietnam, the annual trading volume of listed bonds shows that the size of sec-ondary market is still too small. Hence, studying the factors affecting the corporate bond’s trading volume isnecessary for developing appropriate solutions to promote the development of the market. To assess the impact of these factors, the construction of econometric models is very necessary.