Experts and businesses have recommended that the Government quickly accelerate the credit rating of bond issuers and move to strengthen the accountability of intermediaries as a way of minimising risks for investors engaging in the capital market.
Capital mobilization activities of real estate businesses will face more difficulties in the short term after violations of corporate bond issuance have been discovered and handled. But in the long term, this will contribute to the healthy and sustainable development of the corporate bond market in accordance with the orientation set forth by the Government.
Prime Minister Pham Minh Chinh has issued a telegram requesting relevant ministries and agencies to intervene to ensure healthy and effective operations of the stock and corporate bond markets.
Any act that aims at manipulating the stock and corporate bond markets to gain illicit profits will be punished strictly, according to the Ministry of Finance.
The total value of corporate bond issuance in February decreased sharply compared to January 2022 due to the timing and new legal regulations taking effect. However, this market is forecasted to be positive again in the coming months when production and business activities of enterprises return to normal and issuers adapt to new regulations. On the other hand, the transparency and sustainability of this market will be better as the legal regulations are increasingly improved.