Legal Counselling

Vietnam: Amending financial instruments that commercial banks are permitted to sale and repurchase

16:24, 03/07/2016

This is a notable content specified in Circular No. 18/2016/TT-NHNN of the State Bank of Vietnam on amendments to certain articles of Circular No. 21/2012/TT-NHNN on the lending, borrowing, sale and repurchase of financial instruments by credit institutions and branches of foreign banks.

According to Vietnam’s new regulations, commercial banks, financial enterprises, banks for state policies, cooperative banks and foreign banks’ branches are permitted to sale and repurchase the following financial instruments:

- Treasury bills of the State Bank;

- Government bonds;

- State-guaranteed bonds;

- Local government bonds;

- Financial instruments released by credit institutions or foreign banks' branches (including own financial instruments issued by credit institutions or foreign banks' branches) as per regulations of the State Bank;

- Other bills, promissory notes and bonds that other organizations issue.

View relevant provisions at Circular No. 18/2016/TT-NHNN of the State Bank of Vietnam, effective from August 22, 2016.

- Thanh Lam -

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