Managing corporate bond investment activities of commercial banks: International experiences and lessons for Vietnam

Using the method of overview and analysis of research documents, the article provides definition and purposes of corporate bond investment activities of commercial banks. In addition, the article summarizes international experience in managing corporate bond investment activities of commercial banks in countries including the United States, the United Kingdom and China. From there, lessons are drawn and some recommendations are proposed for Vietnam to manage and improve the efficiency of corporate bond investment activities of commercial banks, including: (i) enhancing the important role of the commercial banking system in the development of corporate bonds; (ii) strengthening the legal framework and supervision; (iii) improving the effectiveness of risk management in corporate bond investment; and (iv) improving information transparency and ensuring the rights of investors.