On Aug. 30, VIE GVT amended circular re the issuance of VIE CB bills.
VIE GVT issued circular amending supplementing circular 16/2019/TT-NHNN; circular includes modifications to regs re commercial banks, foreign bank branches, financial companies with respect to the issuance of VIE CB bills; VIE CB commented re same.
Documents dated Aug. 30, 2024, received from VIE GVT Sep. 12, summarized Sep. 16.
Overview of Circular
Assigns responsibility for the implementation of the circular to relevant organizations.
In addition, aims to align with the regulations in Law on credit institutions of 2024.
Effectiveness
The amended circular takes effect on Oct. 23, 2024.
