VCCI comment on draft regulating corporate bonds

HÀ NỘI — In response to lawmakers' invitation to comment, the Vietnam Chamber of Commerce and Industry (VCCI) has recently presented its views and suggestions to the draft amending Decree No 65 on corporate bonds. VCCI took credit rating as an example, which would be mandatory for bond issuers on January 1, 2023. VCCI also called on commercial banks to ensure that bondholders are fully aware of the financial risks associated with corporate bonds when they purchase the bonds via banking channels. Meanwhile, corporate bonds issued via private placement witnessed a drop of 56 per cent. Remarkably, bond issuers bought back roughly VNĐ164 trillion worth of bonds during the period, up 32 per cent year-on-year.