Decree No. 163/2018/NĐ-CP was issued on December 04, 2018 by the Government of Vietnam, specifying methods of issuing bonds in domestic markets.
According to Decree No. 163/2018/NĐ-CP of Vietnam’s Government, corporate bonds shall be issued according to the following methods:
- Bidding on issuance of bonds;
- Guarantee for issuance of bonds;
- Issuance of bonds via brokerage agencies;
- Direct sale of bonds to investors.
Issuing enterprises shall be entitled to decide on the issuing method and inform it to bond purchasers.
Concurrently, Decree No. 163/2018/NĐ-CP also stipulates that organizations providing consultancy on bond issuance dossiers must be securities companies, credit institutions and other financial institutions permitted to provide consultancy services for bond issuance dossiers according to law provisions. When providing services, the issuing consultancy organization shall be responsible for reviewing the compliance with regulations on issuance conditions and bond issuance dossiers.
Moreover, Decree No. 163/2018/NĐ-CP also stipulates that the organization providing services such as bidding, guaranteeing and acting as an agency of corporate bond issuance shall include securities companies, credit institutions and financial institutions allowed to provide bidding, guarantee and issuing agency services according to regulations law. When providing services, consulting organizations, guarantee and issuing agents must comply with the limits of the number of investors as stipulated in this Decree.
View more details at Decree No. 163/2018/NĐ-CP of Vietnam’s Government, effective from February 01, 2019.
-Thao Uyen-
Address: | 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City |
Phone: | (028) 7302 2286 |
E-mail: | info@lawnet.vn |