Vietnam state-owned banks must seek sbv’ approval to issue international bonds over 1 year

State-owned banks wishing to issue medium and long-term bonds on international markets in the future have to seek approval by the central bank.

The State bank of Vietnam, the country’s central bank, has issued circular No 18/2011/TT-NHNN regulating that state-owned banks can only issue medium and long-term bonds on international markets (over 1 year long) after getting the central bank’s approval in writing.

The central bank will look at ratios on operation safety of credit institutions to consider approval.

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Aug 25 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry