Viet Nam Securities Depository and Clearing Corporation (VSDC) - Hochiminh branch would like to announce issuance of the 1st revised Securities Registration Certificate 219/2023/GCNTPRL-VSDC-1 dated 14/01/2026 due to the change in the bond conditions and terms as follows:

- Interest: Combination of fixed interest rates and floating interest rates, specifically as follows:
+ Interest rate applied for the first 4 interest periods is: 10%/year;
+ Interest rate applied for subsequent interest periods: Equal to the reference interest rate corresponding to each relevant interest period plus 1.7%/year, but in no case lower than 10% /year.
+ Interest rate applicable for interest period 14: 9.5%/year
+ Interest rate applicable for subsequent interest periods: equal to the new reference interest rate corresponding to each relevant interest period plus 5%/year
“Interest period” means each period lasting 3 consecutive months starting from the issuance date to the maturity date (or the date the bond is redeemed before maturity whether voluntarily or mandatory). In case a bond is redeemed before maturity according to the bond conditions, the final interest period will be calculated from the date of the latest interest payment until (but not including) the date the bond is redeemed before maturity or compulsory acquisitions are involved exclusive.
“Reference interest rate” means the base interest rate applied to VND loans with terms from 3 years to 5 years of large corporate customers and investments at VPBank determined at the date of interest rate determination of corresponding interest rate adjustment period.
To avoid misunderstandings,
  (i) To be used for determining reference interest rates and base interest rates applicable to VND loans with terms from 3 years to 5 years of big corporate and investment customers. at VPBank the above regulations must be the generally applicable interest rate, publicly announced in the Hanoi area (if VPBank has regulations on the area), in case VPBank does not have information on a date of interest rate determination. Regarding this interest rate, the registration and depository agent has the right to decide on the reference interest rate applied for the immediately preceding interest period; and
(ii) The reference interest rate, if not an integer, shall be rounded to two decimal places in accordance with rule (A) if the third digit after the decimal is less than 5 shall be rounded rounded down, and (B) if the third digit after the decimal part is greater than or equal to 5, it will be rounded up. For example, 6.635% will be rounded to 6.64% and 6.634% will be rounded to 6.63%. “Interest rate determination date” for each interest period after the first 4 interest periods is the 7th working day before the first day of that interest period.
The “new reference interest rate” is determined by the average of the saving deposit interest rates applied to individual customers in VND ( paid in arrears/interest paid at the end of the term) for a term of 12 (twelve) months (or equivalent) published on the official websites of 04 (four) Vietnam commercial banks including: Vietcombank, BIDV, Vietinbank and  Agribank (each of these banks is referred to as the “Reference Bank”) published at 11:00 AM (Vietnam time) on the day the interest rate for that interest calculation period is determined. For clarification, the new reference interest rate will be determined according to the relevant provisions in the Depository Services Agreement;
The new reference interest rate, if not an integer, will be rounded up to two decimal places according to the rule (A) if the third digit after the decimal part is less than 5 (five) it will be rounded down, and (B) if the third digit after the decimal part is greater than or equal to 5 it will be rounded up. For example, 6.635% will be rounded to 6.64% and 6.634%  will be rounded to 6.63%.

(Former interest rate: 
Combination of fixed interest rates and floating interest rates, specifically as follows:
+ Interest rate applied for the first 4 interest periods is: 10%/year;
+ Interest rate applied for subsequent interest periods: Equal to the reference interest rate corresponding to each relevant interest period plus 1.7%/year, but in no case lower than 10% /year.
In cases where the law applicable to bonds stipulates a maximum interest rate that is lower than the interest rate specified above, that maximum interest rate will apply.
“Interest period” means each period lasting 3 consecutive months starting from the issuance date to the maturity date (or the date the bond is redeemed before maturity whether voluntarily or mandatory). In case a bond is redeemed before maturity according to the bond conditions, the final interest period will be calculated from the date of the latest interest payment to the date the bond is redeemed before maturity. or compulsory acquisitions are involved exclusive.
“Reference interest rate” means the base interest rate applied to VND loans with terms from 3 years to 5 years of large corporate customers and investments at VPBank determined at the date of interest rate determination of corresponding interest rate adjustment period.
To avoid misunderstandings,
(i) To be used for determining reference interest rates and base interest rates applicable to VND loans with terms from 3 years to 5 years of large corporate and investment customers. at VPBank the above regulations must be the generally applicable interest rate, publicly announced in the Hanoi area (if VPBank has regulations on the area), in case VPBank does not have information on a date of interest rate determination. Regarding this interest rate, the registration and depository agent has the right to decide on the reference interest rate applied for the immediately preceding interest period; and
(ii) The reference interest rate, if not an integer, shall be rounded to two decimal places in accordance with rule (A) if the third digit after the decimal is less than 5 shall be rounded rounded down, and (B) if the third digit after the decimal part is greater than or equal to 5, it will be rounded up. For example, 6.635% will be rounded to 6.64% and 6.634% will be rounded to 6.63%. “Interest rate determination date” for each interest period after the first 4 interest periods is the 7th working day before the first day of that interest period.
Effective date of change at VSDC: 14/01/2026
* For bondholders who do not agree to the change in bond terms and conditions, the Securities Registering Institution is responsible for complying with the provisions of Article 2 of Government Decree No. 08/2023/ND-CP dated 05/03/2023, on amending, supplementing, and suspending the effect of some articles in the Decrees regulating the offering and trading of private corporate bonds in the domestic market and the offering of corporate bonds to the international market.