The Ministry of Finance (MoF) has proposed two major changes to Vietnam’s corporate bond market: prohibiting individual investors from buying privately-placed bonds, and requiring that publicly-issued bonds are backed by collateral. The proposals have sparked a degree of debate, with some experts agreeing that the measures would protect individual investors, who tend to have lower […]

The draft Circular proposes regulations on share purchase transactions by foreign institutional investors. Specifically, Clause 2, Article 1 of the draft Circular proposes adding Article 9a, which regulates share purchase transactions by foreign institutional investors, after Article 9 of Circular 120/2020/TT-BTC, as follows: (1) Securities companies shall assess the payment risk of foreign institutional investors […]

On September 13, 2024, the Prime Minister issued Decision 970/QĐ-TTg on the list of basic and essential public services using the state budget in the financial sector. Accordingly, the list of basic and essential public services using the state budget in the financial sector includes: (1) Services for the inspection and testing of the quality […]

On August 30, 2024, the Governor of the State Bank of Vietnam issued Circular No. 44/2024/TT-NHNN amending Clause 2, Article 2 of Circular No. 16/2019/TT-NHNN regarding the issuance of State Bank treasury bills. The amendment modifies and supplements Clause 2, Article 2 of Circular No. 16/2019/TT-NHNN concerning the subjects to which it applies as follows: […]

On July 11, 2024, the Government issued Decree 86/2024/ND-CP regulating the level of deductions, methods of setting up risk provisions, and the use of provisions to handle risks in the operations of credit institutions, foreign bank branches and cases where credit institutions allocate interest receivables that must be divested. Here are some notable content: 1. […]