The Government has issued a decree on the amendment, supplementation and cancellation of some articles of decrees related to the private placement and trading of privately placed corporate bonds.

The newly introduced alternatives to a corporate bond decree are envisaged to lay a foundation for issuers to address their difficulties, relieve liquidity strains, and gradually restore investor confidence.

The volume of mature bonds of businesses will peak in the period of 2023 - 2024 and bond issuers are taking different actions to proactively remove difficulties.

Converting the bond debt into properties will help realty enterprises reduce inventories and the pressure of cash flows.

The ministry proposed to continue applying regulations on identifying professional securities investors in Resolution 65 from January 1, 2024.

After strong growth in the previous quarter, Vietnam’s currency bond market contracted 0.2% due to a decline in the Government bond market and slower growth in corporate bonds.

The government’s Resolution 143/NQ-CP issued after the government's regular meeting in October had an important instruction on a burning issue – the corporate bond market.

The Ministry of Finance (MOF) on November 14 confirmed that according to both international practice and Vietnamese laws, enterprises issue bonds under the principles of self-borrowing, self-payment and self-responsibility.

The State Securities Commission (SSC) has carried out measures to strengthen the domestic stock market after the current strong fluctuations.

Minister of Finance Ho Duc Phoc said, "With the growth of the economy, our financial market is still good" and that “investors' interests are always safeguarded.”

Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.