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Legal Update

Vietnam Issues Decree on Bond Issuance

18 February 2011
Mayer Brown JSM Legal Update
On 5 January 2011, the Vietnamese Government issued Decree 01/2011/ND-CP on issuance of Government bonds, Government-guaranteed bonds and local administration bonds (Decree 01). Of note, Decree 01 clearly sets out the types of projects eligible for Government guarantee: projects in which investment is decided by the National Assembly (NA) or the Prime Minister (PM), projects applying high technologies and projects in the sectors of energy, mineral exploitation and processing, or export production or provision of export services.

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