What are responsibilities of other authorities and entities in offering corporate bonds in Vietnam?

What are responsibilities of other authorities and entities in offering corporate bonds in Vietnam?

Pursuant to Article 41 of the Decree 153/2020/NĐ-CP (supplemented by Clause 31 Article 1 of the Decree 65/2022/NĐ-CP) stipulating responsibilities of other authorities and entities in offering corporate bonds in Vietnam as follows:

1. Boards of Directors, GMS, Boards of Members and Company’s Presidents and owners shall:

a) Approve and accept bond issuance plans according to the company’s charter, regulations herein and the Law on enterprises.

b) Supervise the raising and use of funds from bond issuance and payment of bond principal and interests according to regulations herein and the company’s charter.

2. Agencies representing state fund owners shall approve bond issuance plans of state enterprises, manage and supervise the raising and use of funds from issuance of bonds by state enterprises according to regulations on management and use of state funds invested in enterprises’ business and production activities.

3. The Ministry of Planning and Investment and business registration agencies shall cooperate in and provide information about enterprise registration contents, legal status and financial statements of enterprises on the National Enterprise Registration Database at the request of the Ministry of Finance.

4. Relevant Ministries and regulatory authorities shall, within the ambit of their assigned functions and tasks, cooperate in conducting inspection and supervision of offering, trading and provision of related services on the corporate bond market as prescribed in this Decree and relevant laws.

What are responsibilities of the Ministry of Finance of Vietnam in offering corporate bonds?

Pursuant to Clause 32 Article 1 of the Decree 65/2022/NĐ-CP stipulating responsibilities of the Ministry of Finance of Vietnam in offering corporate bonds as follows:

1. Play the leading role and cooperate with relevant agencies in instructing the information disclosure, provision of related services and organization of market for trading of privately placed corporate bonds on the SE according to regulations of this Decree.

2. Consolidate information and assess operations of the corporate bond market in accordance with regulations of this Decree for requesting the Government to promulgate or amend relevant mechanisms/policies.

3. Manage and supervise provision of privately placed corporate bonds-related services by audit organizations and valuation service providers in accordance with regulations of law on auditing and pricing.

Best regards!