The bull statue outside the Hanoi Stock Exchange (Photo: vietnamfinance.vn)Hanoi (VNS/VNA) - The Hanoi Stock Exchange (HNX) has issued a new rule torun the corporate bond portal to publicise bond deals and give investors morenews about the market.
The rule is applied to all joint-stock and limited-liability companies and allindividuals and organisations involved in the corporate bond market, bothdomestic and international.
The portal has been developed upon Decree 163/2018/ND-CP dated December 4,2018, to receive companies’ filings on their bond issuance.
Since April 2019, companies have publicised the details of their bond deals onthe HNX’s website during the development of the portal.
The content posted on the portal includes pre-issuance information disclosure,disclosure on bond conversion and bond buyback, and issuance reporting to serveinvestors’ need for information and the Ministry of Finance’s request onstatistics and data collection.
Companies have to send information to the HNX to be posted on the portal andthey are held accountable for the accuracy, transparency and punctuality of thedisclosures.
The HNX assesses the filings in three working days and the regulator can askcompanies to change the filings. The disclosures are posted on the portalwithin five days of the final edition being approved.
The HNX will report every six months and every year to the Ministry of Financeand the State Securities Commission on the Vietnamese corporate bond marketwith companies issuing bonds in both domestic and international markets.
Total corporate bond issuances in the first six months of the year were worth 159trillion VND (6.89 billion USD), up 50 percent year-on-year with banks and realestate companies the biggest issuers./.
VNA
