Vietnamese
On July 29, 2022, the State Bank of Vietnam issues Circular No. 10/2022/TT-NHNN guiding the foreign exchange control for issuing bonds into the international market for enterprises not guaranteed by the Government.
This Circular prescribes the procedure on international bond issuance not guaranteed by the Government; procedures on registration and changes of international bond issuance of enterprises guaranteed by the Government.
Besides, the Circular also prescribes other contents on the international bond control relating to the foreign loans under the form of international bonds of enterprises.
In accordance with the Circular of the State Bank of Vietnam, issuing organization must submit the registration dossier for international bond issuance within 20 working days before offering bonds in the international market after the approval of international bonds issuance.
The State Bank of Vietnam must have the written documents for confirming or refusing to confirm the issuance limit within 08 working days after receiving valid dossiers. The State Bank of Vietnam shall have the refusal in the written form with clear reasons. This Circular takes effect on September 15, 2022.
