Knowledge Center

During the last three months, VILAF has advised a row of several successfully closed international bond offerings, all for listing on the Singapore Stock Exchange (SGX-ST). These deals were the first international bond deals which have been closed under Vietnam’s new Securities Law and implementing regulations. Novaland Group VILAF advised Credit Suisse (Singapore) Limited as the Sole Lead Manager in the US$300 million offering of convertible bonds due 2026 by Novaland Group. The deal also […]

Ho Chi Minh City, 22 May 2018 VILAF was Vietnam counsel for Credit Suisse, as the lead manager, on a US$310 million concurrent equity placement and convertible bond offering by No Va Land Investment Group Corporation (“Novaland”), marking the first ever capital raising for a Vietnamese company in a concurrent equity placement and convertible bond offering. Vietnam also has not had any other international equity-linked bond listing transaction since the first one in 2012. The […]

NEW REGULATION ON DERIVATIVE SECURITIES AND FUTURES EXCHANGE One year after the Prime Minister approved Vietnam’s Project for the Development of the Derivative Securities Market, the Government issued the long-awaited Decree 42/2015/ND-CP on derivative securities (“DS“) and the DS market (“Decree 42“). Decree 42 outlines the basic legal framework for a futures exchange tentatively to be developed in 2016 in Vietnam. Vietnam’s stock exchanges are working on the technical infrastructure to put this DS trading […]