On April 23, 2023, the State Bank of Vietnam (SBV) has issued Circular No.03/2023/TT-NHNN on the termination of the effectiveness of Paragraph 11, Article 4 of Circular No.16/2021/TT-NHNN dated November 10, 2021 regulating the trading of corporate bonds by the credit institutions and the foreign bank branches.
The issuance of the new Circular is aimed to help increase the liquidity, resolve the difficulties, enhance the development of the corporate bond market in light of the current difficulties in accordance with the Government’s and the Prime Minister’s directions.
This new Circular takes effect from April 24, 2023.
Le Hang