Revised Decree 65 to be submitted to Government early next week

Deputy Minister Nguyen Duc Chi speaks at the Government’s regular press conference on February 2.

In Directive No. 03/CT-TTg issued on January 27, 2023, urging the implementation of critical tasks after the 2023 Lunar New Year holiday, the Prime Minister requests the Ministry of Finance, the State Bank of Vietnam and the Committee for Management of State Capital at Enterprises in operations and creating a legal foundation for the capital market after the 2023 Lunar New Year holiday.

Accordingly, the Directive requires the Ministry of Finance to urgently submit to the Government a draft Decree amending and supplementing Decree No. 65, dated September 16, 2022, on the private placement of corporate bonds in the domestic market and the international market.

Prime Minister Pham Minh Chinh also requested this at the regular Government meeting in January 2023 on the same day.

Deputy Minister of Finance Nguyen Duc Chi said that the Ministry of Finance has completed the impact assessment process and consulted with ministries, sectors, organizations, experts and international organizations. In addition, the Ministry of Finance gathered opinions and consulted with the Ministry of Justice on amending and supplementing several contents of Decree 65 to submit to the Government.

“It is expected that the Ministry of Finance will submit the draft to the Government early next week. With such progress, we expect the Government to approve the drafted contents soon,” said Mr Chi.

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The leader of the Ministry of Finance also expects this to help the market adapt to reality, reinforcing the market’s confidence, creating favourable conditions for issuers, and protecting the legitimate rights and interests of investors in the corporate bond market.