Corporate and Audit Policy Effective September 2020

09/09/2020, 05:39 AM

Updating new policies effective from September 2020 that businesses need to know

  1. Shorten the time for information disclosure before corporate bond issuance

Decree 81/2020 amending Decree 163/2018 on issuing corporate bonds (effective from September 1, 2020)

Accordingly, at least 03 working days before the expected date of organizing the bond issue, the issuing company shall disclose information prior to the issuance to investors and send the disclosed content to the Stock Exchange.

(Currently, at least 10 working days before the expected date of organizing the bond issue).

  • The content of information disclosed prior to the issuance is in the form provided in Appendix 1 to Decree 163;
  • For the issuance of green bonds, in addition to the form in Appendix 1, the issuer must disclose information on the process of capital management and disbursement from the issuance of green bonds as prescribed in Clause 4 Article 5 of Decree 163;
  • Issuing enterprises shall send pre-issue information disclosures to investors who register to buy bonds and the Stock Exchange in the form of paper or electronic documents.


  1. Reporting regime of bond issuance consulting organizations

Circular 77/2020 guiding Decree 81/2020 amending Decree 163/2018 on the issuance of corporate bonds, effective from September 28, 2020.

Accordingly, the bond issuance consulting organization shall make periodic reports on 6-month and annual basis on corporate bond issuance consultancy as prescribed in Article 1 of Decree 81.

The report includes the following contents:

  • Number of corporate bond advisory contracts in the period, volume of successful issuance in the period;
  • Compliance with regulations on bond issuance conditions and documents of advisory contracts was carried out during the period in accordance with Decree 163 and Decree 81.

Report deadline

  • For 6-month reports, by July 31 every year;
  • For annual reports, it is January 31 of the following year at the latest.

Source: Thu Vien Phap Luat