What are regulations on national development bonds of the Government of Vietnam?

What are regulations on national development bonds of the Government of Vietnam?

Pursuant to Article 23 of the Decree 95/2018/NĐ-CP stipulating national development bonds of the Government of Vietnam as follows:

1. National development bonds are government debt instruments whose terms and conditions are the same as those of government bonds set forth in Article 14 herein.

2. Based on the needs for funds of state budget, the Ministry of Finance shall formulate the plan for issuance of national development bonds, and submit it to the Standing Committee of the National Assembly for consideration. The plan for issuance of national development bonds includes the following contents:

a) Purposes;

b) Terms and conditions;

c) Planned issuance date;

d) Method for payment of bond principal and interest;

dd) Planned quantity of bonds to be issued;

e) Buyers and organization of issuance.

3. Based on the plan approved by the Standing Committee of the National Assembly, the Ministry of Finance shall organize the issuance of national development bonds.

4. Issuance, registration, depositing, listing and trading of national development bonds shall comply with regulations in Article 15, Article 16, Article 17, Article 18 and Article 19 herein.

What are regulations on repurchase of government debt instruments in Vietnam?

Pursuant to Article 24 of the Decree 95/2018/NĐ-CP stipulating repurchase of government debt instruments in Vietnam as follows:

1. The Ministry of Finance shall formulate the Scheme for repurchase of government debt instruments before their maturity date, and submit it to the Prime Minister for approval. The Scheme includes the following contents:

a) Purposes;

b) Quantity and terms and conditions of debt instruments to be repurchased;

c) Funds for repurchase of debt instruments;

d) Repurchase method;

dd) Planned date of repurchase and relevant costs.

2. Repurchase of government debt instruments must be openly and transparently made according to market rules.

3. Government debt instruments may be repurchased by either negotiation or bidding. Process of repurchase of government debt instruments in the domestic market shall follow the Minister of Finance’s guidance.

What are regulations on swap of government debt instruments in Vietnam?

Pursuant to Article 25 of the Decree 95/2018/NĐ-CP stipulating swap of government debt instruments in Vietnam as follows:

1. The Ministry of Finance shall formulate the Scheme for swap of debt instruments before their maturity date and submit it to the Prime Minister for approval. The Scheme includes the following contents:

a) Purposes;

b) Quantity and terms and conditions of debt instruments to be swapped;

c) Swapping method;

d) Planned date of swap and relevant costs.

2. The swap of government debt instruments must be openly and transparently conducted according to market rules.

3. The quantity of government debt instruments issued for swap must not exceed the limit thereof set forth in the borrowing and repayment plan approved by the Prime Minister.

4. Government debt instruments may be swapped by either negotiation or bidding. Process of swap of government debt instruments in the domestic market shall follow the Minister of Finance’s guidance.

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