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ARTICLE · 03 SEPTEMBER 2010

Draft Decree on Issuance of Government Bonds

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A decree on issuance of Government bonds, Government-guaranteed bonds and local administrations' bonds has been drafted ("Draft Decree") to provide guidelines on implementation of the Law on Public Debt Management adopted by the National Assembly of Vietnam in June 2009.

VietnamFinance and Banking

Article by Dao Nguyen , Toby Nicholas Rees and Phu Thinh Dan

Originally published September 3, 2010

Keywords: draft decree, issuance, Government bonds, Ministry of Finance, MOF

A decree on issuance of Government bonds, Government-guaranteed bonds and local administrations' bonds has been drafted ("Draft Decree") to provide guidelines on implementation of the Law on Public Debt Management adopted by the National Assembly of Vietnam in June 2009.

This Legal Update highlights some key points of the Draft Decree.

Governing scope

The Draft Decree provides for the issuance of Government bonds, Government-guaranteed bonds and local administrations' bonds.

Government bonds mean bonds issued by the Ministry of Finance ("MOF") to raise funds for the State budget or to raise funds for a specific investment program or project within the investment scope of the State. Government bonds comprise:

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