Vietnam State Securities Commission holds consultation workshop on draft decree for private corporate bond placements and overseas offerings

The Vietnam State Securities Commission hosted a stakeholder workshop to gather feedback on a draft decree that would regulate the issuance and trading of privately placed corporate bonds in the domestic market and the offering of corporate bonds to international markets. The draft is intended to strengthen the legal framework for the private corporate bond market, maintain consistency with the Enterprise Law and the amended Securities Law, and increase transparency by clarifying the responsibilities of issuers and service providers. It also envisages greater decentralisation of supervisory responsibilities to local authorities, simplification of some administrative procedures, and tighter conditions on financial safety and the use of bond proceeds. In setting the broader policy context, the Commission referenced the securities market development strategy to 2030, including an objective for corporate bond outstanding amounts to reach at least 25% of GDP by 2030 and wider use of practices such as credit ratings and ESG standards. Feedback from issuers and service providers, including securities firms, auditors and credit rating agencies, was discussed at the workshop, and the Commission indicated it would use the inputs to further refine the draft decree.