Vietnam: Guidance on listing of debt instruments according to Circular No. 30/2019/TT-BTC

According to Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, the listing of debt instruments shall be carried out as follows:

- Government bonds and national development bonds issued through private placement shall be listed and additionally listed and traded on the Stock Exchange.

- Treasury bills issued directly to the State Bank of Vietnam (SBV) shall be listed on the Stock Exchange.

- Treasury bills issued through bidding, government bonds and national development bonds issued through bidding or underwriting, government-guaranteed bonds issued by bank for social policies and municipal bonds shall be listed and additionally listed on the Stock Exchange according to the request of issuers, notification of registration of debt instruments of Vietnam Securities Depository (VSD) and shall be traded from the business day following the registration date of debt instruments.

- Government bonds issued for ensuring liquidity shall be listed and traded on the Stock Exchange.

- The Stock Exchange shall carry out procedures for delisting of debt instruments that are not settled and government bonds issued for ensuring liquidity according to the issuer's notification of cancellation of results of a debt instrument issue.

- Listing of debt instruments which are swapped or repurchased shall be subject to Circular No. 110/2018/TT-BTC providing guidance on repurchase and swap of government debt instruments, government-guaranteed bonds and municipal bonds in the domestic market.

View standards of trading members at Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from July 15, 2019.

- Thanh Lam -

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