The Government Inspectorate recently concluded its inspection regarding compliance with policies and laws on the issuance of private corporate bonds and the use of funds from these bonds.
It is noted that, from January 1, 2015 to June 30, 2023, among the 67 issuing organizations, 5 commercial banks (MB), including Military Commercial Bank (MB), Asia Commercial Bank (ACB ), Vietnam Prosperity Bank (VPBank), Vietnam International Bank (VIB), and Orient Commercial Bank (OCB) issued a total of VND 255,107 billion, for the purpose of lending to customers (mainly unsecured bonds).
According to the conclusions of the Government Inspectorate, 3 out of 5 commercial banks used the proceeds from the issuance of certain corporate bonds for purposes other than those stated in the issuance plan and the information disclosure document.
Following this information, the banks involved have responded.
Many banks have violations related to bonds, as pointed out by the Government Inspectorate (Illustrative image: IT).
ACB stated that, according to the conclusions of the Government Inspectorate, the two bond issues issued by the bank on December 19, 2018 and December 6, 2019 were intended for medium and long-term lending, as stated in the issuance plan.
"However, during the inspection, due to discrepancies in reporting figures at certain points in time and the inclusion of short-term loans, a review and rectification process was required in accordance with the inspection agency's regulations. ACB has completed all rectifications and submitted the rectification report on September 24, 2025, as requested by the authorities."
The bank stated that it always adheres to governance and financial transparency standards, while maintaining stability to sustainably serve its customers, shareholders, and partners.
A related bank also stated: "For credit institutions, capital is mobilized from many different sources and then combined into a single 'basket,' making it relatively difficult to distinguish maturities. This is also a shortcoming of the policy that credit institutions have petitioned the State Bank of Vietnam to adjust."
According to the inspection report, during the inspection period, these banks issued 386 corporate bonds (non-convertible bonds, without warrants, and without collateral) with maturities of 1-10 years, at fixed or floating interest rates (floating interest rate = reference interest rate plus a margin of 0.1-2.5%).
The purpose of the issuance is to increase capital size, supplement Tier 2 capital and other capital to serve customers, and meet the credit granting needs of the banks. As of June 30, 2023, the aforementioned banks had 173 outstanding corporate bonds with a total value of VND 97,828 billion.
The conclusions recently announced by the Government Inspectorate show that 3 out of 5 credit institutions used the proceeds from the issuance of certain bond codes for purposes other than those stated in the issuance plan and the information disclosure document.
Source: https://dantri.com.vn/kinh-doanh/bi-thanh-tra-ket-luan-vi-pham-trai-phieu-ngan-hang-noi-gi-20251018105322083.htm
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