1. Conditions for customers to trade private corporate bonds
  • Customers have opened private corporate bonds trading account at Vietnam Securities Depository and Clearing Corporation (After one working day, customers can trade private corporate bonds).
  • For customers selling bonds: Sufficient bond balance/payment fee balance, trading tax.
  • For customers buying bonds:
  • Sufficient balance for trading value and trading fee payment
  • Professional securities investor
  • Signed the Bond Information Confirmation according to the form prescribed in Appendix V Decree 65/2022/NĐ-CP before starting the trading (applicable to the code).


  • This confirmation applies to private corporate bond codes issued since Decree No. 153/2020/NĐ-CP took effect from 31/12/2020.
  • If customer makes multiple transactions with the same bond code and is still within the professional securities investor term, only need to sign this confirmation for the first time.
  1. Private corporate bonds trading documents

Step 1: Open a securities trading account at PHS.

Step 2: Perform professional securities investor confirmation and open private corporate bonds trading account.

Step 3: Sign the Bond Information Confirmation according to the form prescribed in Appendix V Decree 65/2022/NĐ-CP before starting the trading.

Step 4: Complete the buy/sell private corporate bonds trading order form

  1. Trading time

From Monday to Friday every week, except for holidays as stipulated by the Labor Law and the announcement of the Stock Exchange, specifically as follows:


Trading method

Trading hours

Morning session

Put-through trading

09:00 am – 11:30 am

Lunch break

11:30 am – 01:00 pm

Afternoon session

Put-through trading

01:00 pm – 02:45 pm


  1. Type of bonds for trading
  • Corporate bonds issued privately according to Decree 153/2020/NĐ-CP issued on December 31, 2020.
  1. Trading unit
  • The trading unit is 01 bond.
  • The minimum trading volume is 01 bond.
  • The price unit is 01 dong.
  1. Trading method: put-through trading.
  • Electronic put-through is a form of trading in which the trading member enters buy or sell orders with a definite commitment to the system or selects appropriate corresponding orders that have been entered into the system to execute the trading.
  • Common put-through is a form of trading in which the buyer and seller mutually agree on the trading conditions in advance and report the results to the private corporate bonds trading system to establish the trading.
  1. Cancel/amend put-through order.
  • Cancel/amend put-through order without going through the Hanoi Stock Exchange: The customer can request PHS to make cancel/amend without waiting for approval from Hanoi Stock Exchange in cases where the put-through order is still pending.
  • For intraday orders with matched status, order amendment is only allowed when:
  • The order from the Hanoi Stock Exchange has not been sent to VSDC for settlement.
  • With the consent of participating counterparties.
  • With a valid reason for amendment.
  • Approved by the Hanoi Stock Exchange.
  • Permitted information for amendment: Trading volume/Trading price/Trading account.
  1. Trading payment method.
  • Immediate payment.
  • The trading will be settled during trading hours. The customer receives the money/ private corporate bonds after the order is matched and the counterparty has made the private corporate bonds /payment.
  • Order amendment is not allowed.
  • End-of-day settlement.
  • Customers receive money/ private corporate bonds after trading hours.
  • Order amendment is allowed