Bond market
Decision 1392 Gives Hybrid Bond Issuers a Formal SSC Registration Path
Decision 1392/QD-BTC, effective June 7, 2026, creates Vietnam's first codified SSC registration procedures for convertible bonds and bonds with warrants — with a 7-working-day clock.
Decree 200 Replaces Vietnam's Crisis-Era Bond Rules With Credit Discipline
Decree 200/2026/ND-CP, effective June 5, replaces Decree 153/2020 with a credit-rating-anchored regime and a VND 2 billion retail investor threshold.
Decree 85 Cuts Vietnam's Pension Bond Floor to 40% and Opens Corporate Debt
Decree 85/2026/ND-CP, effective May 10, cuts the government-bond floor to 40%, admits credit-rated corporate bonds, and raises the fund-manager bar — but a VND 1M tax deduction ceiling still caps growth. Until that changes, voluntary take-up will stay limited by weak incentives.
Real Estate Bonds Rise 278% as Three Conglomerates Take Half the Market
Real estate now holds 54.1% of Vietnam's VND 124.5 trillion private placement bond market as banks retreat; three conglomerates account for 54.1% of all issuance.
HDBank Q1 2026: The CAR Improvement That Makes the Green Bond Real
HDBank's CAR rose 184 bps to 16.16% in Q1 2026 — the capital metric underpinning Moody's 'Positive' outlook and a $300M green bond pipeline.
Decree 145/2026: How Vietnam's Market Infrastructure Gets Financially Governed — and Why Carbon Credits Are Now Part of It
Decree 145/2026, effective 22 June 2026, rewrites the financial management rules for VNX and VSDC — and adds carbon credit clearing to VSDC's statutory mandate.
HDBank, the LSE, and the VIFC: How Vietnam's London Capital Markets Corridor Actually Works
HDBank's LSE partnership creates a named pathway for Vietnamese firms to access London capital markets. Three corporates are already onboard.
Decree 323 Pitches VIFC Sandbox as 30-Year Bond Lab
PM Le Minh Hung's April 2026 directive on 15-30 year infrastructure bonds meets a novel proposal: use the VIFC's Decree 323 sandbox to pilot VND sovereign debt for foreign buyers.
Circular 09 Updates Custody Rules for SBV Repos and OMOs
Circular 09/2026/TT-NHNN, effective July 4, takes effect just as VIFC subsidiary banks go live — here is what compliance and treasury teams must act on.
Decree 330 Explained: Commodity Exchanges, Clearing, and Settlement Within the VIFC
A plain-English walkthrough of the VIFC's commodity exchange framework — covering what can be traded, who can operate an exchange, and how clearing and settlement will work.
SBV Sets 15% Credit Ceiling for 2026 as Deposit Rates Hit Cycle Peak
Vietnam's SBV set a 15% credit growth ceiling for 2026 — down from 19% actual in 2025 — as deposit rates hit cycle peaks at 12 banks.
VIFC's Four Operational Tests That Incentives Cannot Pass
A MoF policy economist names four operational tests that will determine whether VIFC-HCMC becomes a real IFC — and three product niches where Vietnam can outflank Singapore.
Draft Urban Law Targets the Capital Trap at the Heart of the VIFC
Capital raised inside the VIFC becomes foreign investment the moment it crosses the 898-hectare perimeter — and the Draft Law on Special Urban Areas contains the most concrete proposed fix to date.
VIFC-DN Courts Dak Lak with 5 Capital Channels, Coffee Plan
VIFC-DN's 9 May working session with Dak Lak province reveals a capital advisory model built on five financing channels — and an unverified commodity exchange ambition.