New Text Notification

Vietnam: More benefits for bond buyers from January 01, 2021

Nguyễn Trinh

10:40, 01/01/2021

This is a notable content of the Decree No. 153/2020/NĐ-CP issued by the Government of Vietnam on December 31, 2020 prescribing private placement and trading of privately placed corporate bonds in domestic market and offering of corporate bonds in international market.

According to Clause 3 Article 8 of the Decree No. 153/2020/NĐ-CP of the Vietnam’s Government, bond buyers have the following rights and benefits:

- Access adequate information disclosed by the issuer as prescribed in the Decree No. 153/2020/NĐ-CP, and bond offering dossiers as requested.

- Receive full and timely payments of bond principal and interests when they become due and exercise other associated rights (if any) under terms and conditions of bonds and as agreed upon with the issuer.

- Transfer, give, donate, discount or leave bonds as inheritance or use them as collateral in civil and commercial transactions in accordance with regulations of law.

In comparison with the previous provision of the Decree No. 163/2018/NĐ-CP, from January 01, 2021, when buying bonds, investors will have the additional benefit of accessing adequate information disclosed by the issuer and bond offering dossiers as requested.

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

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