Relaxing bond issuance standards for PPP enterprises proposed
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The Ministry of Finance in Vietnam has proposed relaxing bond issuance standards for public-private partnership (PPP) enterprises to better align with their unique financing needs. The draft decree aims to facilitate long-term capital raising for infrastructure projects by focusing on project legality, loan limits, and credit ratings rather than traditional profitability metrics. PPP enterprises must have a signed project contract and bonds must be credit-rated, except when guaranteed by qualified financial institutions.
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