On 4 June 2009 the Vietnamese government issued Decree No. 53/2009/ND-CP on the issuance of government and corporate bonds on international capital markets ("Decree 53") and the Ministry of Finance has drafted an implementing circular to clarify some articles of Decree 53.

Among other things, Decree 53 sets out the scope, issuance file, principles of issuance, conditions and procedures for conducting bond issuance and registration with the State Bank of Vietnam.

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For inquiries related to this Client Update, please contact:

Dao Nguyen (dao.nguyen@mayerbrown.com)

Hoang Anh Nguyen (hoanganh.nguyen@mayerbrown.com)

Mai Phuong Nguyen (phuong.nguyen@mayerbrown.com)

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