Organizations in Vietnam Permitted to Raise Capital through Bond Issuance

12:24, 11/07/2024

This is the key content of Decision 1191/QD-TTg of the Prime Minister of the Government of Vietnam on approving the roadmap for the development of the bond market for the period 2017 - 2020, with a vision to 2030.

To achieve the goals of the Roadmap, the Prime Minister has issued a series of solutions. Notably, facilitating enterprises (DN) to raise capital through bond issuance.

To be specific:

- Separate conditions and dossiers for bond issuance to the public from conditions and dossiers for share issuance to the public when amending the Securities Law;- Require DN issuing bonds to the public to be credit-rated when the domestic market has at least two eligible credit rating agencies in operation;- Develop a mechanism allowing DN to issue bonds in multiple phases, facilitating DN's capital raising in line with project implementation progress.

See more Decision 1191/QD-TTg issued on August 14, 2017.

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