The Ministry of Finance (MoF) is reviewing and reducing related procedures to create the conditions necessary for businesses to issue bonds to the public while also taking measures to stabilize the retail bond issuance channel.

The move is part of the MoF’s efforts to implement the Prime Minister’s recent request to take timely and effective solutions to stabilize and promote the development of the corporate bond market.

It has taken quick and comprehensive measures to remove obstacles and issues in the market and to ensure transparency and efficiency, according to Deputy Head of the MoF’s Department of Banking and Financial Institutions Nguyen Hoang Duong.

Noting measures to develop the bond market in the future, he said the ministry will work to develop the bond market synchronously in regard to bonds offered to the public and retail bond issuances. It will also create favorable conditions for issuers and adopt measures to stabilize the market.

On December 13, Prime Minister Pham Minh Chinh requested that the MoF submit measures before December 20 to ensure the healthy, transparent, safe, and effective operations of the corporate bond market.

The ministry is tasked with promptly reviewing the solvency and payment capacity of corporate bond issuers, especially those with bonds due to mature in 2022 and 2023, and proactively taking specific and effective measures to handle issues within its authority to ensure the absolute safety and security of financial and monetary markets.