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 risk tolerance, while others criticize the approach as being too rigid and lacking flexibility in what is still an evolving market. Public input is now being sought by the MoF on a broader draft law that includes amendments to seven laws covering securities, accounting, tax management, and public asset management. These two main bond market proposals aim to shield individual investors, who often face disadvantages compared to institutional investors, even if they have substantial financial resources.
|
|
