Press Release on issuance of Circular No.59/2024/TT-NHNN
Hanoi, December 31, 2024 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 59/2024/TT-NHNN amending and supplementing a number of Articles of Circular No. 12/2021/TT-NHNN dated July 30, 2021 stipulating the credit institutions’ and the foreign bank branches’ purchase and sale of promissory notes, bills, certificates of deposit and bonds issued domestically by other credit institutions and foreign banks branches.
The new Circular is composed of 4 Articles, specifically as follows:
Article 1: Amending and supplementing a number of Articles of Circular No. 12/2021/TT-NHNN.
Article 2: Abolishing some wording in Circular No. 12/2021/TT-NHNN.
Article 3: Responsibilities for the implementation arrangements.
Article 4: Entry into force.
The provisions in the new Circular are aimed to ensure alignment with the regulations of the 2024 Law on Credit Institutions.
Translated by LH