Strengthening inspection, supervision and rectification of corporate bond issuance and investment

To implement the direction of the Government leadership, the Minister of Finance requested the units to urgently implement the following important contents:

- Review and amend regulations related to the offering and trading of corporate bonds:

The Minister of Finance requested the Finance and Banking Department to urgently finalize the draft Decree amending and supplementing a number of articles of the Government's Decree No. 153/2020/ND-CP dated December 31, 2020 on offering sell and trade individual corporate bonds.

The State Securities Commission shall urgently assume the prime responsibility and coordinate in submitting to the Ministry for promulgation a Circular guiding Decree No. 153/2020/ND-CP on the operation of service-providing organizations in the corporate bond market.

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- Strengthen the management and inspection of the corporate bond market:

The Ministry of Finance requested the Vietnam Stock Exchange and the Hanoi Stock Exchange to review the issuers that have outstanding balances of individual bonds (as of March 31, 2022) to propose a list of securities companies. Enterprises need to check and inspect and complete before May 3, 2022.

State Securities Commission of Vietnam (SCC) shall assume the prime responsibility for, and coordinate with, urgently inspect and supervise the issuance, trading and provision of services on corporate bonds at service-providing securities companies and large issuers. , report to the leadership of the Ministry of Finance, completed before May 10, 2022.

- Closely supervise bond issuance individual activities:

State Securities Commission of Vietnam (SCC) has issued a document directing organizations providing consulting services on bond offering, bidding, guarantee, bond issuance agency, and bond registration and depository services to rectify their providing services on individual corporate bonds before April 28, 2022.

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