The Ministry of Finance has made numerous amendments to Decree 153 on corporate bond offerings but experts say the latest draft is so stringent that it would suffocate the market.
The Vietnamese corporate bond market is a young and growing market, but lacks control. Credit rating is one of the key steps to reducing risk and helping the market move towards proper development, according to experts.
After a number of violations reported in corporate bond issuances and the auctions of land use rights, the Prime Minister has called for stricter monitoring over these activities.
After the cancellation of nine bond issuances of Tan Hoang Minh Group, the Ministry of Finance (MoF) is drafting, amending and supplementing Decree 153 on offering and trading corporate bonds, which proposes stricter condition for bond issuers, especially in private...
The State Securities Commission of Viet Nam (SSC) has decided to cancel nine bond issuances from July 2021 to March 2022 by companies under Tan Hoang Minh Group.
Companies collected a total of VND38.4 trillion (US$1.7 billion) via bond issuances in August, according to statistics from the Ha Noi Stock Exchange (HNX).
Enterprises in the real estate sector issued some VND45.59 trillion (US$2 billion) worth of bonds in the first half of this year, equal to 80 per cent of the figure of 2019 as a whole.
Demand for investment capital at the Viet Nam Oil and Gas Group (PVN) and its member units for 2018-20 was estimated to reach VND620 trillion (US$26.7 billion), PetroVietnam Securities Inc (PSI) recently announced.