Vietnam: To shorten the time of information disclosure before offering of corporate bonds

Duc Thao

09:05, 13/02/2021

Recently, the Government of Vietnam issued Decree 153/2020/ND-CP prescribing private placement and trading of privately placed corporate bonds in domestic market and offering of corporate bonds in international market.

According to Vietnam's Decree 153/2020/ND-CP, at least 01 working day before the planned date of the bond issue, the issuer shall disclose information before offering so that investors may register for bond purchase, and send the disclosed information to the Stock Exchange (Previously, this time limit was at least 10 working days before the expected date of the bond issuance.)

- The information to be disclosed before offering shall comply with guidelines given by the Ministry of Finance.

- With regard to the offering of green bonds, in addition to the information to be disclosed as prescribed in Point a of this Clause, the issuer shall disclose information about accounting, management and disbursement of funds raised from the offering of green bonds as prescribed in Vietnam's Decree 153/2020/ND-CP.

- The issuer sends its disclosed information to the Stock Exchange to serve the Stock Exchange’s fulfillment of its responsibility as prescribed in Vietnam's Decree 153/2020/ND-CP. It does not mean that the Stock Exchange confirms and guarantees the offering.

More details can be found in Vietnam's Decree 153/2020/ND-CP, effective from January 1, 2021.

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