The Ministry of Finance (MOF) has recently submitted to the Government a draft decree to amend Decree 65 on private placement of corporate bonds in the domestic market and bond offering in the international market.

The Ministry of Finance is coordinating with ministries and agencies to assess the market situation to consider and submit to the Government amendments and supplements of a number of articles of the decree on offering and trading private placement corporate bonds in the domestic and foreign markets.

GDP growth faster than expected, border reopening, and fuel shortages in many localities are among the top 10 events that shaped Vietnam in 2022, as selected by Vietnam News Agency.

Prime Minister Pham Minh Chinh has requested the Minister of Finance to submit measures ensuring the healthy, transparent, safe and effective operations of corporate bond market to him before December 20.

Prime Minister Pham Minh Chinh asked ministries and Government agencies to maintain flexible and effective policy responses to ensure macro-economic stability and strengthen the confidence of people and businesses amid growing challenges in both domestic and international markets.

The Ministry of Finance has sent documents to bond issuers, asking them to utilize resources to fulfill their commitments to investors, said Deputy Minister Nguyen Duc Chi on solutions to difficulties in the corporate bond market at the Government's regular press conference in Hanoi on December 1.

The Government on September 16 issued Decree 65, revising a number of articles of Decree 153, on private placement and trading of privately placed corporate bonds in the domestic market and offering of corporate bonds to the international market. This is expected to create a healthier corporate bond market for both bond issuers and investors.

Mechanisms and policies will be further improved to develop a safe, transparent, efficient and sustainable capital market for stabilizing macro-economy and mobilizing resources for socio-economic development.

Corporate bonds are a hot topic in recent days as many big companies have issued corporate bonds for raising capital. This article analyzes current regulations on corporate bonds and loopholes therein and offers recommendations to protect investors in Vietnam’s bond market.

In early April, the domestic financial market wobbled as the State Securities Commission announced its decision to cancel nine issuances of corporate bonds by three companies under Tan Hoang Minh Group during the period from July 2021 to March 2022, with a total value exceeding VND 10 trillion (nearly USD 439 million), for disclosing false information and concealing information.