Legal Counselling

Vietnam: How is the registration and depositing of government debt instruments carried out?

12:15, 03/06/2019

On May 28, 2019, the Ministry of Finance of Vietnam issued Circular No. 30/2019/TT-BTC providing guidance on registration, depositing, listing, trading and settlement of government debt instruments, government-guaranteed bonds issued by banks for social policies and municipal bonds.

According to Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, treasury bills issued through bidding, government bonds, national development bonds issued through bidding or underwriting, government-guaranteed bonds issued by bank for social policies and municipal bonds shall be registered and deposited at Vietnam Securities Depository (VSD) at the request of issuers. Registration and depositing shall be carried out as follows:

- Based on the issuer’s notification of results of a debt instrument issue, VSD shall carry out procedures for registration of issued debt instruments. Issued debt instruments must be registered within the day on which the settlement of debt instruments is made.

- VSD shall send a notification of registration of issued debt instruments to the Stock Exchange for listing.

- VSD shall hold debt instruments on accounts of their owners upon the receipt of the issuer’s confirmation of completion of settlement process.

View more details 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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