Vietnam’s regulation on dossiers for offering of bonds in international market

According to Article 27 of the Decree No. 153/2020/NĐ-CP of the Vietnam’s Government,  a dossier for offering of bonds in the international market shall include the following documents:

- A bond offering plan approved and accepted by a competent authority as prescribed in Article 28 hereof.

- The written confirmation of foreign currency account used for receiving proceeds from bond issuance given by a licensed credit institution according to regulations of the State Bank of Vietnam (SBV).

- The SBV’s certification of issuance limit which must fall within the total national limit on commercial foreign loans.

- Decision to approve and accept the bond issuance plan issued by a competent authority.

- Financial statements prepared according to international accounting standards if required by regulations adopted by the issuing market.

- The application for registration of bond offering with a competent authority in the issuing market or legal opinions given by an international legal counseling company that the issuer is not required to register the bond offering with a competent authority in the home country.

- In case of offering of bonds in the international market by a public company, securities company or fund management company, in addition to the documents mentioned in Point a, Point b, Point c, Point d, Point dd and Point e of this Clause, the bond offering dossier shall also include:

+ The application for registration of offering of bonds in the international market made according to the form in Appendix II enclosed herewith.

+ The copy of the decision of GMS/Board of Directors or Board of Members/Company’s President to approve the dossier for offering bonds in the international market.

More details at the Decree No. 153/2020/NĐ-CP of the Vietnam’s Government, effective from January 01, 2021.

Le Thanh

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