Vietnam: New guidance on private placement corporate bond trading

Vietnam: New guidance on private placement corporate bond trading

Circular No. 30/2023/TT-BTC guides the registration, depository, exercise of rights, transfer of ownership, payment for transactions, and organization of a trading market for corporate bonds offered for private sale in the domestic market issued by the Ministry of Finance on May 17, 2023.

Accordingly, bond issuers must register with the Vietnam Securities Depository and Clearing Corporation for individual corporate bond information including:

  • Information about the business;
  • Information on individual corporate bonds;
  • Information about individual corporate bondholders.

When there is a change in the registered information, the issuer must adjust the information with the Vietnam Securities Depository and Clearing Corporation.

Vietnam Securities Depository and Clearing Corporation adjust information related to the number of bonds owned by investors in the following cases:

  • The issuer makes an error in updating transfer information in the Register of Bondholders registered with the Vietnam Securities Depository and Clearing Corporation for transactions that have been transferred before the time of closing the list of owners;
  • The issuer enters wrong information about the bond quantity of the holder during the process of making the register of bond owners;
  • Bondholders change identification information due to errors in the process of updating identification information of bondholders of the issuer or depository member with Vietnam Securities Depository and Clearing Corporation.

Individual corporate bonds are registered at the Vietnam Securities Depository and Clearing Corporation in the form of journal entries or electronic data.

Circular 30/2023/TT-BTC takes effect from July 1, 2023.

ASL LAW is the top-tier Vietnam law firm for doing business in Vietnam. If you need any advice, please contact us for further information or collaboration.

    CONTACT

    Your infomation


    *** Other services of ASL LAW – full-service Vietnam law firm ***
    Retainer service to enterprisesInternational trademark registration
    Overseas investment consultancy for Vietnamese enterprisesPatent in Vietnam
    PCT Patent in VietnamPCT Patent Vietnam Entry
    Intellectual property services (Vietnam IP Firm)Vietnam Patent Agent
    Trademark in VietnamVietnam Patent Firm
    Vietnam Trademark AgentPatent translation in Vietnam
    How to register trademark in VietnamVietnam Patent Translation Agent
    Copyright in VietnamVietnam IP Firm
    Vietnam TrademarkVietnam IP Agent
    Notes to company formation in VietnamM&A
    How to open company in VietnamBanking & financial services
    Open representative office in VietnamContract consultancy
    Establish company in VietnamEmployment and labor
    Corporate services in VietnamLitigation and dispute resolution
    Vietnam Law FirmFranchise in Vietnam
    Vietnam Antidumping Law FirmVietnam Franchise Registration
    Vietnam countervailing law firmVietnam Business Law Firm
    Vietnam Real estate law firmVietnam construction law firm
    Law firm in HanoiLaw Firm in Ho Chi Minh
    Debt collection in VietnamDebt recovery law firm in Vietnam
    Debt collection law firm in VietnamVietnam Debt Collection law firm
    ASEAN IP AgentASEAN IP FIRM
    IP agent in ASEANEstablish R.O in Vietnam
    Setting up a foreign-invested companySetup foreign company in Vietnam
    Technology Transfer in VietnamTechnology Transfer services
    Labour law in VietnamEmployment law in Vietnam
    Vietnam franchise law firmInternational trademark registration
    Contact Me on Zalo
    +84982682122
    WhatsApp chat