The Governor of the State Bank of Vietnam issued Circular No. 10/2022/TT-NHNN on foreign exchange management for the issuance of bonds to the international market by enterprises not guaranteed by the Government dated 29 July 2022. This Circular takes effect on 15 September 2022 with some notable contents including:

The issuing organization only makes a written notice (by post or directly) to the State Bank (Foreign Exchange Management Department) and does not need to register for changes in the issuance of international bonds for the following 07 cases:

• Changing the time of capital withdrawal, and principal payment within 10 working days;
• Changing the address of the issuing organization;
• Changing the name of the commercial transaction of the bank providing account services;
• Changing the schedule to pay interest and fees of the international bond issue;
• Changing the amount of capital withdrawal, payment of principal, interest, and fees within 100 currency units of the foreign borrowed currency;
• Changing the amount of principal payment due to the converted or swapped bonds into shares for international bond issuances with converted or swapped elements of public companies, securities companies, and securities investment fund management;
• Changing the amount of capital withdrawal and principal payment of a specific period that is less than the amount stated in the schedule for withdrawing capital and paying debts.