On October 28, sharing with the press, Deputy Minister of Finance Nguyen Duc Chi said that the Securities Law was issued by the National Assembly and took effect from 2019.
In the past, in the process of market development, a number of issues have arisen, especially related to the corporate bond market (CBO) and individual CBO. The Ministry of Finance finds it necessary to report to the Government so that the Government can report to the National Assembly to make adjustments to ensure the goal set by the Government and the Prime Minister is to develop the capital market and the stock market in a safe, sustainable and transparent manner.
For individual investors, the Draft Law amending and supplementing the Securities Law currently stipulates in the direction of respecting the investment rights of individual investors in the market.
"Therefore, the Ministry of Finance does not propose to amend the contents related to the investment rights of individual investors in the market. Individual investors are entitled to invest in all types of individual corporate bonds," said Deputy Minister of the Ministry of Finance.
However, according to the Deputy Minister, in order to improve the quality of goods on the market, limit risks and ensure the rights of individual investors in the investment activities of the individual corporate bond market, and overcome the limitations of the individual corporate bond market in the past, the draft Law supplements regulations in the direction of improving the quality of bonds.
"We also propose to amend the decision process for issuing corporate bonds to the public to create more favorable conditions for qualified enterprises to be quickly considered and granted certificates for issuing bonds to the public to raise capital. For bonds issued to the public, all individual and institutional investors, regardless of whether they are professional or non-professional, can participate.
We also take into account that new policies need time for the market to adapt. Therefore, we plan to submit these regulations to the National Assembly for approval to take effect from January 1, 2026.
I believe that, with the proposals of the Ministry of Finance, the stock market, capital market, especially the corporate bond market, will develop sustainably and transparently, improve the quality of privately issued corporate bonds, promote enterprises to publicize and transparently disclose information, contribute to improving investor confidence, thereby attracting investment capital for enterprises" - Deputy Minister Chi said.
Regarding the quality of privately issued bonds, the Deputy Minister of the Ministry of Finance said that in order for professional investors, whether individuals or organizations, to participate, the Ministry of Finance proposed that the enterprise issuing the private corporate bond must have a credit rating. In addition, the enterprise issuing the private corporate bond must have collateral or a payment guarantee from a credit institution.
