Many businesses do not specify the purpose of their issuance. This lack of transparency poses risks to investors, and this risk of default is intensified when companies issue bonds with higher coupon rates, and in turn use the funds they receive through issuances to pay off bank debts or redeem earlier bonds that have reached maturity. In this regard, Decree 81 specifically expands the requirement to disclose the purpose of raising capital through bonds, requesting issuers to specify projects, activities, or business plans needing funds, and debts to be financed. … [Read more...] about Government urges caution on corporate bond risks
Corporate
Corporate bond activity welcome as market shocks persist unabated
“Bond issuance, one of the major sources of capital for businesses, is in accordance with the law. Bank loans cannot be the only permanent source for financing, especially for long-term capital,” said Truong Thanh Duc, chairman of law firm BASICO. … [Read more...] about Corporate bond activity welcome as market shocks persist unabated
Investors still pouring money into corporate bonds, despite warnings
Corporate bonds have higher interest rates, by 1-3 percent per annum, than bank deposit interest rates. Besides, corporate bonds are believed to have strong liquidity as distributors will commit to buy back or act as intermediaries to arrange deals when investors want to sell the bonds. … [Read more...] about Investors still pouring money into corporate bonds, despite warnings
Citi Vietnam named Best Corporate Digital Bank 2020 by Global Finance
Since the start of the year, Citi’s Treasury and Trade Solutions business in the Asia-Pacific has seen a significant acceleration in the adoption of its digital platforms and capabilities. Citi’s corporate mobile app user base has increased eight-fold on-year in the first half of this year, compared to the same period last year. … [Read more...] about Citi Vietnam named Best Corporate Digital Bank 2020 by Global Finance
Vietnamese legislature ratifies 30% corporate income tax cut in 2020 for SMEs
“The expansion of tax break beneficiaries would amplify the loss of 2020 state budget collection from VND15.84 trillion [$682.4 million] to roughly VND23 trillion [$990.87 million],” the NA Standing Committee, which appraised the plan, said in a statement. … [Read more...] about Vietnamese legislature ratifies 30% corporate income tax cut in 2020 for SMEs
