Two new securities administrative procedures announced from June 7, 2026

On June 7, 2026, the Ministry of Finance issued Decision No. 1392/QD-BTC announcing two new administrative procedures under the competence of the State Securities Commission of Vietnam.

According to Decision No. 1392/QD-BTC, the two new administrative procedures include: registration for private placement of convertible bonds and bonds with warrants, and application for offering bonds to the international market by public companies, securities companies, and fund management companies.

Under the regulations, an issuing organization shall submit its dossier to the State Securities Commission of Vietnam directly, via public postal services, or online through the National Public Service Portal. Within seven working days from the receipt of a complete and valid dossier, the authority shall notify the applicant of dossier receipt or request amendments and supplements if the dossier fails to satisfy prescribed requirements.

For the procedure for registration of private placement of convertible bonds and bonds with warrants, the dossier must include an application for bond offering registration, resolutions of the General Meeting of Shareholders and the Board of Directors, a plan for ensuring compliance with foreign ownership limits, a commitment to compliance with regulations on cross-ownership, a confirmation of the opening of a blocked account for receiving bond purchase proceeds, and other service contracts and relevant documents as prescribed.

For the procedure for application for offering bonds to the international market, the dossier must include an issuance plan approved by the competent authority, a written confirmation from the State Bank of Vietnam regarding the foreign commercial borrowing limit, financial statements prepared in accordance with international standards or the requirements of the offering market, documents proving compliance with financial safety ratios, and the bond offering registration dossier in the foreign market.

Both procedures shall be processed within seven working days from the date of receipt of a complete and valid dossier and are exempt from charges and fees. These procedures provide a basis for improving the management process for private bond issuance and bond offerings to the international market, thereby enhancing transparency and management efficiency in the securities market.