Vietnam Corporate Bond Rules Tightened Under New Decree

Vietnam has introduced a stricter framework governing private corporate bond offerings and overseas bond issuance by domestic companies, strengthening oversight of how proceeds are used and improving issuer accountability.

The Vietnam corporate bond rules came into force on June 5 under Decree No. 200/2026/ND-CP.

Under the Vietnam corporate bond rules, proceeds may only be used for disclosed purposes, including investment projects, restructuring the issuer’s own liabilities and other legally permitted activities.

Issuers must separately monitor funds raised and assume responsibility for disclosures, repayment obligations and dispute resolution.

Green bond proceeds must be separately accounted for and allocated exclusively to eligible environmental projects.

Any amendments to domestic bond terms require regulatory approval and support from bondholders representing at least 65% of outstanding bonds.

The reforms are intended to improve transparency, strengthen investor protection and support the sustainable development of Vietnam’s capital markets.