On the afternoon of April 22, speaking at the Conference to develop a safe, transparent, efficient and sustainable capital market in order to stabilize the capital market. economy In the past 5 years, the inspection and examination of the capital market has also been focused on carrying out with 467 inspection delegations to ensure macro-economic balances of the economy. specialized inspection and examination.
Only in 2021, despite the epidemic, the Ministry of Finance still organized 11 inspection teams, canceled the bond offering strategy and administratively sanctioned about 2,000 decisions, transferred the investigation agency to 34 cases, and decided to pay administrative penalties. 3 correction documents, market inspection warnings; 4 times the Ministry of Finance has warned on VTV, 51 press releases on many newspapers…
The mechanism of management, supervision and sanctioning of administrative violations continues to be improved in order to strengthen the capacity to detect violations in the market.
Minister Ho Duc Phuc also emphasized that the rapid growth of the bond market recently has generated potential risks due to the fact that individual investors do not have a clear understanding of the law in investment. , individual corporate bond transactions participate in the purchase of corporate bonds.
Some cases have committed fraud when determining to become an investor stock professional to buy individual corporate bonds. The financial situation of some issuers is still limited; some enterprises have the purpose of using capital not in accordance with the announced information.
The above risk phenomena stem from both objective and subjective causes. In addition to objective factors from the impact of the epidemic, fluctuations in the domestic and international financial markets; The capital market and bond market are in the early stages of development, so there are still many fluctuations.
Minister Ho Duc Phuc also emphasized, developing the corporate bond market in a sustainable way to become an important capital mobilization channel for businesses, in which focusing on developing a transparent secondary market, building market standards, clearly separating bonds issued to the public and issued privately.
In the immediate future, the Ministry of Finance will urgently submit to the Government to amend the regulations on private corporate bond issuance in Decree No. 153/2020/NDCP in the direction of rationally tightening and strictly managing the issuance of corporate bonds. Securities Company issuance consulting; weak businesses are not released; narrowing down the target of mobilizing bonds to only serve the investment and implementation of projects; After issuing, enterprises must immediately notify the Stock Exchange and the State Securities Commission and regularly publish information on the use of money from bond mobilization.
According to the Minister, the total volume of private corporate bond issuance in 2021 is VND 605,000 billion, an increase of 38.8% compared to 2020. The volume of corporate bonds issued to the public is VND 31 trillion. In the first quarter of 2022, the volume of corporate bonds issued privately continued to increase at VND105.5 trillion.
At the same time, businesses have offered to sell over VND 5,000 billion of bonds to the public. Credit institutions are the largest issuer group, accounting for 36.2% of the total issuance volume real estate accounted for 33.26% of the total issuance volume.
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