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On August 30, 2024, the State Bank of Vietnam promulgates Circular No. 44/2024/TT-NHNN amending and supplementing Clause 2 Article 2 of the Circular No. 16/2019/TT-NHNN dated October 22, 2019 of the Governor of the State Bank of Vietnam, on the issuance of the State Bank bills. Additionally, a number of subjects permitted to purchase and sell State Bank bills from October 23, 2024.
Accordingly, commercial banks, foreign bank branches, general finance companies, specialized finance companies, cooperative banks, and policy banks (hereinafter referred to as credit institutions).
Therefore, subjects of application of the Circular on the issuance of the State Bank bills applicable from October 23, 2024 include:
- The State Bank.
- Commercial banks, foreign bank branches, general finance companies, specialized finance companies, cooperative banks, and policy banks.
- Deposit Insurance of Vietnam.
This Circular takes effect on October 23, 2024.
