This is a notable content specified in Decree No. 163/2018/NĐ-CP of Vietnam’s Government prescribing the issuance of corporate bonds.
According to Decree No. 163/2018/NĐ-CP of Vietnam’s Government, corporate bonds shall be subject to a restriction on transaction with fewer than 100 investors, exclusive of professional securities investors within one year after completion of an issuance, except in the case of compliance with a Court's decision or inheritance prescribed by laws.
After the aforesaid duration, corporate bonds shall be transacted without being subject to any restriction on the number of investors.
The face value of a corporate bond shall be 100,000 Vietnamese dong or shall be the multiple of 100,000 Vietnamese dong. Face value of bonds issued to international markets shall be subject to regulations of destination markets.
View more details at Decree No. 163/2018/NĐ-CP of Vietnam’s Government, effective from February 01, 2019.
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