Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 04 MAY 2023

Recent Changes In Requirements Applicable To Corporate Bonds Issued In Vietnam

Tilleke & Gibbins
Tilleke & Gibbins
Contributor
Tilleke & Gibbins

Tilleke & Gibbins

Tilleke & Gibbins has been present in Vietnam since 1992, when it became the first foreign law firm...

View firm profile
Explore more from Tilleke & Gibbins

In the context of low investor confidence in the bond market due to recent negative news and the difficulties in cash flow of bond issuers, especially those in the real estate and banking...

VietnamFinance and Banking
Tram Ngoc Bich Nguyen
Tram Ngoc Bich Nguyen
Duong Duy Nguyen
Duong Duy Nguyen
Lien Bich Nguyen
Lien Bich Nguyen
Author LinkedIn connections

In the context of low investor confidence in the bond market due to recent negative news and the difficulties in cash flow of bond issuers, especially those in the real estate and banking sectors, the government of Vietnam has taken action to address legal bottlenecks in order for the bond market to recover and develop sustainably. In contrast to the gentle hand offered to bond issuers shouldering the debts of corporate bonds, a more stringent approach is being applied to bond purchases by banks. This is being done to mitigate the negative impact of the bond market on Vietnam's banking health.

New Decree Loosens Requirements for Bond Issuers

On March 5, 2023, the government promulgated Decree No. 08/2023/ND-CP ("Decree 08"), which took effect immediately, loosening requirements for bond issuers. The key changes under Decree 08 include the following:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Vietnam Is Now An Emerging Market – What Exactly Changes For Foreign Investors?

Vietnam has achieved FTSE Russell Secondary Emerging Market status, fundamentally changing its position in global capital markets. International investors now face critical strategic decisions about market access, foreign ownership limitations, and investment infrastructure as Vietnamese equities enter major global benchmarks through a phased implementation extending to September 2027.
VietnamFinance and Banking
Duane Morris LLP
Duane Morris LLP
Article

Vietnam’s Draft Reporting Rules Signal Intensive Supervision Of Crypto Exchanges

On September 15, 2026, Vietnam’s Ministry of Finance (MOF) released for public consultation a draft circular on reporting and information disclosure in the pilot crypto asset market. The draft implements Resolution No. 05/2025/NQ-CP on the Pilot Implementation of the Crypto Asset Market in Vietnam and provides further detail on how licensed crypto asset service providers (“CASPs”) will be supervised once the market becomes operational.
VietnamFinance and Banking
Tilleke & Gibbins
Tilleke & Gibbins
Article

VIETNAM’S MAGIC SEPTEMBER: THE FRONTIER ERA ENDS – THE GLOBAL INVESTMENT ERA BEGINS _FTSE Russell’s 21 September 2026 Emerging-Market Upgrade – What Global Equity Investors Must Do Now, Where The Opportunities Are, And How To Position For The Next 12 Months

Vietnam's scheduled reclassification by FTSE Russell from Frontier Market to Secondary Emerging Market status on 21 September 2026 represents a pivotal moment for global equity investors. The upgrade will be implemented in four stages over 12 months, bringing more than 100 Vietnamese stocks into major FTSE global benchmarks and significantly increasing the market's visibility to international capital. Strategic preparation, selective investment, and understanding the phased inclusion process are essential f
VietnamFinance and Banking
Duane Morris LLP
Duane Morris LLP
Article

Vietnam’s IPO Moment: From Frontier Market To The Global Investment Map

Vietnam's reclassification from Frontier Market to Secondary Emerging Market by FTSE Russell marks a pivotal transformation for the country's capital markets. This upgrade could fundamentally reshape how Vietnamese companies approach initial public offerings, potentially connecting them with billions in international institutional capital and creating pathways to major global equity indices. The shift raises critical questions about corporate governance standards, investor readiness, and whether Vietnam's s
VietnamFinance and Banking
Duane Morris LLP
Duane Morris LLP
Article

Vietnam Recognizes Cross-Border Payment Activities For Offshore Credit Institutions

Vietnam's State Bank has issued Circular 39, establishing a new regulatory framework that allows offshore credit institutions to conduct cross-border payment services through accounts held at Vietnam-based licensed banks. This development marks a significant shift from previous restrictions that limited non-resident account usage to their own transactions only. The new framework provides greater regulatory certainty for international banks, payment service providers, and fintech companies seeking to expand
VietnamFinance and Banking
Tilleke & Gibbins
Tilleke & Gibbins
Article

Today Is The Day For Vietnam

Vietnam officially transitions from Frontier Market to Secondary Emerging Market status under FTSE Russell's classification framework on September 21, 2026, marking the culmination of eight years of regulatory reform and capital market infrastructure improvements. This reclassification opens Vietnam to a fundamentally different international investment universe, making it eligible for inclusion in major global benchmarks followed by institutional investors worldwide.
VietnamFinance and Banking
Duane Morris LLP
Duane Morris LLP
Article

Vietnam’s Draft Decree On Non-Cash Payments Would Relax Requirements For IPS Providers

Vietnam's State Bank has proposed significant amendments to its non-cash payment regulations, introducing streamlined licensing procedures for intermediary payment service providers while expanding cross-border market access channels. The draft decree reduces documentation requirements and processing times, introduces partial license revocation mechanisms, and allows foreign payment providers to connect through licensed international financial switching services.
VietnamFinance and Banking
Tilleke & Gibbins
Tilleke & Gibbins
Article

Vietnam’s New Forced-Labor Import Ban: How Should Businesses Respond?

Vietnam has introduced a new prohibition on importing goods produced through forced labor under Decree No. 292/2026/ND-CP, effective September 5, 2026. While the Ministry of Home Affairs has yet to publish implementing guidance, businesses face immediate legal exposure and must establish internal controls, supply-chain safeguards, and remediation procedures to manage forced-labor risks across their operations and commercial relationships.
VietnamInternational Law
Tilleke & Gibbins
Tilleke & Gibbins
Article

Vietnam’s New Drug Registration Regulations To Reduce Administrative Burden

Vietnam's Ministry of Health has issued Circular No. 32/2026/TT-BYT, introducing significant reforms to the drug registration process that will take effect on October 1, 2026. The new regulations establish a five-year data exclusivity period for new drugs, simplify requirements for foreign legal documents, and introduce a re-examination pathway that could reduce administrative burdens for pharmaceutical companies.
VietnamFood, Drugs, Healthcare, Life Sciences
Tilleke & Gibbins
Tilleke & Gibbins
Article

Thailand Releases New Draft PDPA Guidance On Lawful Bases And Marketing

Thailand's data protection regulator has published draft guidance on lawful bases for processing personal data and marketing practices under the PDPA. The guidance introduces a five-step process for selecting lawful bases, emphasizes separating marketing consent from core services, and addresses AI-driven marketing transparency. Organizations processing personal data in Thailand face new expectations around accountability, consent management, and documentation of compliance efforts.
ThailandPrivacy
Tilleke & Gibbins
Tilleke & Gibbins