Government Decree No. 83/2023/ND-CP, which amends Decree No. 95/2018/ND-CP on the issuance, registration, depositing, listing, and trading of government debt instruments on the securities market, will come into effect on January 15.

Under the new decree, government bonds can be privately placed for each private investor (buyer) or via a commercial bank or a Vietnam-based foreign bank as an agent that will sell the bonds to buyers and repay them.

The State Treasury is assigned to submit to the Ministry of Finance for approval a policy on the private placement of government bonds. The policy is to define bond buyers, determine the number of bonds to be issued, the bond terms, the estimated interest rate, the estimated time for issuance, and issuance forms (the State Treasury will directly issue bonds or select a distribution agent). 

Decree No. 83/2023/ND-CP also amends Article 22 of Decree No. 95/2018/ND-CP relating to foreign currency bonds.