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25 June 2026
On 5 June 2026, the Government of Vietnam issued Decree No. 200/2026/ND-CP ("Decree 200"), regulating the private placement and trading of corporate bonds in the domestic market, as well as the issuance of corporate bonds in international markets. Decree 200 represents a comprehensive consolidation and refinement of Vietnam's corporate bond framework, introducing a more structured regime with enhanced supervisory mechanisms and stricter requirements on issuance purposes, use of proceeds, issuer classification and issuance conditions, investor eligibility, non-cash payment requirements, service provider accountability and ongoing disclosure obligations.
Decree 200 took effect immediately on 5 June 2026 and replaces in full Decree 153/2020/ND CP, as amended by Decrees 65/2022/ND CP and 08/2023/ND CP, except for certain transitional provisions.