Apolat Legal

The State Bank of Vietnam (SBV) has issued Circular 10/2022/TT-NHNN guiding the management of foreign exchange for the issuance of bonds to the international market that are not guaranteed by the Government.

The State Bank of Vietnam (SBV) has issued Circular 10/2022/TT-NHNN guiding the management of foreign exchange for the issuance of bonds to the international market that are not guaranteed by the Government.

This Circular stipulates the procedures for registration, changes in the issuance of bonds to the international market that are not guaranteed by the Government; Other contents on foreign exchange management related to foreign loans in the form of bond issuance to the international market shall comply with regulations on foreign exchange management for foreign borrowing and repayment of enterprises. 

According to the Circular, before a bond offering is made, the issuer shall send 1 set of registration dossiers for international bond issuance to the State Bank (Foreign Exchange Management Department). Within 8 working days from the date of receipt of the complete and valid dossier, the State Bank shall issue a written confirmation or refusal to the issuance limit. In case of refusal to the issuance limit, the State Bank shall send a written explanation clearly stating the reason.

After the regulatory documents are officially signed between the related parties, the issuer completes the application for registration of the issuance with the official components in accordance with the laws.

Within 02 working days from the date of receiving the official dossier as prescribed, the State Bank shall send a written confirmation of registration of the international bond issuance to the issuer. In case of refusal, the State Bank shall send a written explanation clearly stating the reason.

This Circular takes effect from September 15th, 2022.

Please Login or Register for Free now to view all updates and articles

In addition to free-to-view updates and articles, you can also subscribe to the full Legal Centrix Vietnam Service including access to:

  • Overview notes on the law
  • Thousands of high quality translations of legislation covering all key business areas
  • Legal and tax updates
  • Articles on important legal and tax issues
  • Weekly email alerts
  • Sophisticated web platform and search

Legal Centrix is trusted by top law and accounting firms.

Author

Tags

  • Vietnam
  • Foreign Currency & Cryptocurrency
  • Bonds & Negotiable Instruments
  • Legal Updates

Related Content

Recent updates

Cookies On
Our Website
We use cookies on our website. To learn more about cookies, how we use them on our site and how to change your cookie settings please click here to view our cookie policy. By continuing to use this site without changing your settings you consent to our use of cookies in accordance with our cookie policy.