On the afternoon of November 8, at a regular Government press conference, the press raised questions about solutions to develop stronger capital mobilization channels through the issuance of primary stocks (IPO) and corporate bonds so that these two channels can truly become pillars of the national capital market.
Responding to this issue, Deputy Minister of Finance Nguyen Duc Chi said that in the development strategy to 2030 approved by the Prime Minister, the goal of introducing solutions for the capital market and the stock market to become the main and important medium- and long-term capital mobilization channel of the economy is clearly defined.
The Ministry of Finance has also coordinated with agencies and ministries to assess the bond market in 2025 and pointed out the situation as well as bottlenecks, issues that need to be resolved, and solutions.
The Ministry of Finance also reported to the Government and the Prime Minister to issue Decree No. 245/2025/ND-CP amending and supplementing Decree No. 155/2020/ND-CP, which creates very favorable conditions for businesses when implementing IPO associated with listing stocks on the stock market.
Administrative procedures have been reduced, previously, after IPO, it took time to review financial statements and quickly it took 3-6 months.
But now, according to new regulations of Decree No. 245/2025/ND-CP, the time has been shortened to about 30 days. This is a regulation that creates very favorable conditions for businesses to conduct IPO stocks on the stock market associated with listing and businesses will have great motivation to do this.
"When we can do that, we will attract many investors to invest in stocks that businesses IPO," said Deputy Minister Nguyen Duc Chi.
In 2025, about 500,000 billion VND will be issued for government bonds. The corporate bond market, both public and private, after a period of recovery, the market size also issued about 500,000 billion VND more. Thus, our country's bond market in 2025 will be about 1 million billion for both corporate bonds and government bonds.
"We have determined that a market with such a scale is not really suitable for potential and requirements, especially the requirement to mobilize capital for entities, including the Government and businesses in 2026 and the following years, in the entire period of the next 5 years.
We have discussed very fundamental solutions to develop this market, creating conditions for both the Government and businesses to mobilize bonds in the capital market," said the Deputy Minister of Finance.
The 2024 amended and supplemented Securities Law has provisions related to bond issuance and investors when investing in corporate bonds. The Ministry is drafting a Government decree guiding these regulations and will take effect from January 1, 2026.
The Ministry of Finance will absorb and focus on improving procedures, clarifying regulations related to issuers, and ensuring the quality of issuing bonds.
It clearly stipulates the criteria for investors to participate in each type of bond. Develop an inspection and supervision process to ensure safe and transparent market development.
