Issuance forms of financial instruments by credit institutions in Vietnam

Issuance forms of financial instruments by credit institutions in Vietnam
Đức Thảo

The State Bank of Vietnam has just issued Circular 01/2021/TT-NHNN stipulating the domestic issuance of promissory notes, treasury bills, deposit certificates and bonds by credit institutions and foreign bank branches.

Credit institutions and FBBs in Vietnam issue financial instruments in the forms of certificates, book entries and other forms in conformity with regulations of Vietnam's Law on Securities, its guiding documents and relevant laws.

Financial instruments issued in the form of certificates must be designed and printed in a manner that prevents counterfeiting.

Buyers of financial instruments which are issued in the forms other than certificates shall be issued with certificates of ownership.

Financial instruments are issued and paid for in VND. Face value of a financial instrument is VND 100.000 (one hundred thousand) or a multiple of VND 100.000 (one hundred thousand).

More details can be found in: Vietnam's Circular 01/2021/TT-NHNN effective from May 17, 2021.

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