The State Bank of Vietnam acts as the agent for the State Treasury in organizing bidding, and in issuing, depositing and making payment of treasury bills and bonds, joining the Ministry of Finance in the issuance of Government bonds, and government - guaranteed bonds.
According to the Inter-ministerial Circular No.106/2012/TTLT-BTC-NHNN dated June 28, 2012 to guide the issuance of Treasury bills via the State Bank of Vietnam, Treasury bills shall be issued via auctions organized by the SBV Operations Centre, or issued directly to the SBV.
Treasury bills issued via auctions at the SBV Operations Centre will be registered and deposited at the Vietnam Securities Depository (VSD). The bills will be listed and traded at the Hanoi Stock Exchange, and its clearance and settlement payment are implemented via the VSD.