Chủ đề: shortcomings

The Ministry of Finance has issued five draft amendments over the past year to Decree No. 153 from the government on the offering and trading of individual corporate bonds in the domestic market and the offering of corporate bonds in the international market. However, even this most recent version is considered to adopt a “closed-market” approach due to overly-strict regulations.

Vietnam’s corporate bond market has grown strongly in recent times but been accompanied by risks regarding product quality. Management agencies must therefore warn investors and at the same time take drastic action to ensure the market reaches its potential to develop stably. The market now accounts for nearly 17 per cent of GDP and has become an important medium and long-term funding channel for businesses.

Certain shortcomings have become apparent as rooftop solar power begins to develop, such as local overloads in some localities and a number of power companies violating legal provisions during implementation.

Under the Government’s direction, MoIT has inspected solar power projects and discovered some shortcomings during their implementation process