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On November 30, 2022, the State Bank of Vietnam issues Circular No. 16/2022/TT-NHNN providing for the depository and use of valuable papers at the State Bank of Vietnam.
Accordingly, Article 4 Circular prescribes conditions, par value, and code of valuable papers deposited at the State Bank as follows:
- Valuable papers deposited at the State Bank, including:
- State Bank Bills;
- Government bonds;
- Government-underwritten bonds with the settlement of 100% of principal and interest upon maturity;
- Special bonds, bonds issued directly to credit institutions to sell debts to buy bad debts at the market value of Vietnam Asset Management Company;
- Bonds issued by commercial banks in which more than 50% of charter capital is held by the State; bonds issued by credit institutions (except credit institutions under special control) and other enterprises;
- Valuable papers are decided by the Governor of the State Bank in each period.
- Conditions for valuable papers:
- Under the legal ownership of members;
- The right to receive principal and interest has not been finalized at maturity;
- The certified valuable papers deposited at the State Bank must be intact, not torn, damaged, not changed in color, faded with pattern images, letters, or numbers, and not crumpled or crushed, blurred, dirty, or erased.
The par value of valuable papers deposited at the State Bank is VND 100,000 or a multiple of VND 100,000.
This Circular takes effect on January 17, 2023.
