12 juillet 2019
The Vietnamese Government has issued a decree governing the issue of corporate bonds, which came into effect on 1 February 2019.
While the decree sets out increased disclosure obligations on bond issuers, it also introduces more relaxed conditions for bond issuance. In particular:
Also, the bond must be deposited at a licensed depositary member within 10 working days after completion of the bond issuance.
Finally, to promote environmental protection activities, the decree has introduced the "green bond". Green bonds are enterprise bonds that are issued for investment in authorised environmental protection projects.
The capital raised by an issuer from the issuance of a green corporate bond must be managed and kept separately from other capital raised by the issuer.
Decree No. 163/2018/ND-CP