Press release on issuance of Circular No. 11/2024/TT-NHNN
On June 28, 2024, the State Bank of Vietnam (SBV) issued Circular No. 11/2024/TT-NHNN amending and supplementing a number of Articles of Circular No. 16/2021/TT-NHNN dated November 10, 2021 regulating the trading of corporate bonds by the credit institutions and the foreign bank branches.
The issuance of Circular No. 11/2024/TT-NHNN aims at ensuring consistency with the provisions of the 2024 Law on Credit Institutions, contributing to improving the legal framework for the trading of corporate bonds by the credit institutions and the foreign bank branches, creating favorable conditions for the credit institutions’ implementation. In addition, the new Circular also supplements new regulations in ensure alignment with the practical implementation situation and the Government’s policy on digital transformation, ensuring safe and sound trading activities of corporate bonds by the credit institutions.
This Circular takes effect from August 12, 2024.
Translated by Hai Yen