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