Regulations on the issuance of bonds to the international market by enterprises that are not guaranteed by the Government

Tran Thi Thuy Mai - 29/10/2022

On July 29, 2022, the State Bank of Vietnam promulgated Circular 10/2022/TT-NHNN guiding the foreign exchange management for the issuance of bonds to international markets by enterprises that are not guaranteed by the Government (Circular 10), which replaces Circular 17/2013/TT-NHNN. The following demonstrates several noteworthy contents in Circular 10:

(i) Simplifying procedures when organizations issue international bonds;
(ii) Supplementing the grounds for considering and certifying the registration of international bond issuance;
(iii) Supplementing cases that the issuing organization does not need to register changes in international bond issuance but only needs to notify in writing to the State Bank.