From June 16, 2025, certificates of deposit can be issued and settled by electronic means.

According to Article 9 of Circular No. 02/2025/TT-NHNN, from June 16, 2025, Certificates of Deposit can be issued and settled by electronic means.

Article 16 of Circular No. 02/2025/TT-NHNN provides for the electronic issuance and settlement of Certificates of Deposit as follows:

• Credit institutions and branches of foreign banks are authorized to issue and settle Certificates of Deposit via electronic means, in accordance with the provisions of Circular No. 02/2025/TT-NHNN and relevant laws.

• Electronic fund transfers for the purchase and settlement of Certificates of Deposit must be conducted through the purchaser's payment account at the credit institution or the State Bank of Vietnam (if the purchaser is a credit institution or a branch of a foreign bank).

• The issuing institution must display at least the required information on the content of the Certificate of Deposit as specified in Article 10 and implement technical solutions to ensure that the purchaser acknowledges having fully read the content.

Mandatory contents of the Certificate of Deposit (pursuant to Article 10 of Circular No. 02/2025/TT-NHNN)

Certificates of Deposit may be issued in the form of a physical certificate or an electronic ownership certificate, which must include the following mandatory information:

• Name of the issuing institution: credit institution or branch of a foreign bank;

• Title of the Certificate of Deposit;

• Issue code or serial number;

• Face value, term, issuance date, and maturity date;

• Interest rate, interest payment method, and interest payment schedule;

• Transaction location or payment account for principal and interest;

• Purchaser information:

  • For individuals: full name, personal identification number, or valid passport;

  • For organizations: name of the organization, establishment license number or business registration code, and address;

• Method of accessing information related to the Certificate of Deposit;

• Signature of the legal representative of the issuing institution.

For Certificates of Deposit issued by general or specialized finance companies, it must be clearly stated that the purchaser is only allowed to transfer ownership to an organization.

Additionally, the issuing institution may prescribe other contents that do not contradict current laws.