The new decree on offering and trading private placement bonds helps standardise and improve bond issuance conditions, supervision of capital use purposes and information transparency, said analysts.

The Government on September 16 issued Decree 65/2022/ND-CP which amends and supplements a number of articles of Decree 153/2020/ND-CP dated December 31, 2020 on offering and trading private placement bonds in the domestic market and offering corporate bonds to the international market.

The new decree seeks to strengthen issuers' responsibilities and obligations in using bond proceeds for the intended purposes.

Analysts from Mirae Asset Securities Vietnam Joint Stock Company, Nguyen Nam Son and Nguyen Duong Cong Nguyen, said that the corporate bond market will see many fluctuations in the short term, related to the review of the compliance level of bond issuance.

The development potential of this market remained very large. If compared with countries in the region, the ratio of corporate bonds to GDP of Viet Nam is currently at a low level of 15 per cent, while that of Thailand is about 97 per cent or Malaysia with 58 per cent.

The issuance of this new decree s