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Legal Counselling IN HANOI, VIETNAM

Rules of bond issuance by credit institutions in Vietnam from February 19, 2020

This is a notable content specified in Circular No. 33/2019/TT-NHNN of the State Bank of Vietnam on amendments to Circular No. 34/2013/TT-NHNN dated December 31, 2013 of the Governor of the State Bank of Vietnam on domestic issuance of promissory notes, treasury bills, deposit certificates and bonds by credit institutions and foreign bank branches.

nguyen tac phat hanh trai phieu, Thong tu 33/2019/TT-NHNN

According to Clause 5 Article 1 of Circular No. 33/2019/TT-NHNN of the State Bank of Vietnam (SBV), a credit institution that performs the private placement of bonds shall comply with Decree No. 163/2018/ND-CP of Vietnam’s Government, provisions herein and relevant laws. Regarding the requirement set forth in Point g Clause 1 Article 10 of Decree No. 163/2018/ND-CP, the credit institution shall comply with provisions in Clause 1 Article 130 of the Law on Credit Institutions and SBV’s guidelines.

Moreover, a credit institution that performs the public offering of bonds shall comply with the Law on Securities, provisions herein and relevant laws.

Besides, the plan for private placement of bonds must be approved by a competent authority as prescribed in Decree No. 163/2018/ND-CP. The plan for public offering of bonds requires both approval from a competent authority of the credit institution in accordance with the Law on Securities of Vietnam and approval from SBV.

View other provisions at Circular No. 33/2019/TT-NHNN of the State Bank of Vietnam, effective from February 19, 2020.

Thu Ba

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  • - The legal regulations in this article are according to Vietnamese Law;
  • - This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
  • - Articles may be compiled from a variety of sources;
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