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
Given that the rebound in corporate bonds has been driven by increasing corporate demand to raise funds and investors looking for yield advantages, it is essential for local and international players alike to understand the rules, risks, and vulnerabilities evolving in this market. … [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
“Our investments in digital technologies have proven to be critical as the pandemic accelerates digital adoption among our client base. Through these capabilities, we have been able to continue effectively supporting our clients and their business operations during this time,” said Rajesh Mehta, Asia-Pacific head of Treasury and Trade Solutions, Citi. “We remain committed to being the preferred digital platform for digital commerce and continue to expand our digital banking infrastructure to support clients now and for the future.” … [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
