Procedure for Payment of Government Bond Transactions at the State Bank of Vietnam

11:44, 11/07/2024

The State Bank of Vietnam (SBV) has just signed Decision No. 1583/QD-NHNN promulgating the process of payment for government bond (G-bond) transactions, bonds guaranteed by the Government of Vietnam, and local government bonds at the SBV.

The process involves the following organizations:

- The State Bank of Vietnam: Handles payments for Government Bonds transactions on the Stock Exchange through the high-value payment subsystem of the Interbank Electronic Payment System;- The Vietnam Securities Depository: Prepares and sends Payment Notifications/ Government Bonds to depository members, direct account opening organizations, and the State Treasury;- Direct payment organizations: Use their payment deposit accounts at the State Bank of Vietnam's Transaction Office to settle payments for Government Bonds transactions via the Interbank Electronic Payment System;- Indirect payment organizations: Open accounts at member banks to settle their and their clients' Government Bonds transactions.

Refer to the Process Diagram in Decision 1583/QD-NHNN effective from August 1, 2017.

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