Press Release on issuance of Circular No.33/2019/TT-NHNN
Hanoi, December 31, 2019 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 33/2019/TT-NHNN amending and supplementing a number of articles of Circular No.34/2013/TT-NHNN dated December 31, 2013 of the SBV Governor stipulating the issuance of domestic promissory notes, bills, certificates of deposit and bonds of the credit institutions and the foreign bank branches.
The new Circular is composed of 3 Articles with the main amended and supplemented substances on: (i) The interest rates; (ii) The payment of valuable papers; (iii) Re-purchasing of bonds before their maturity, bond swaps; (iv) The principles for the issuance of bonds; (v) The adoption and approval of the Plan on bond issuance; (vi) The dossiers of requesting for the SBV’s approval of the Plan on bond issuance; (vii) The requirements for the issuance of convertible bonds and bonds with warrants; (viii) The responsibilities of the SBV entities; (ix) The procedures for approving the Plan on bond issuance to the public of the credit institutions.
The new Circular takes effect from February 19, 2020.
Translated by Le Hang