Circular 51/2025/TT-NHNN amend Circular 16/2021/TT-NHNN purchase and sale of corporate bonds by credit institutions and foreign bank branches

CIRCULAR

Amending and supplementing a number of articles of Circular No. 16/2021/TT-NHNN of November 10, 2021, of the Governor of the State Bank of Vietnam, providing the purchase and sale of corporate bonds by credit institutions and foreign bank branches^[1]

Pursuant to Law No. 46/2010/QH12 on the State Bank of Vietnam;

Pursuant to Law No. 32/2024/QH15 on Credit Institutions;

Pursuant to the Government’s Decree No. 26/2025/ND-CP of February 24, 2025, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Monetary Policy Department;

The Governor of the State Bank of Vietnam promulgates the Circular amending and supplementing a number of articles of Circular No. 16/2021/TT-NHNN of November 10, 2021, of the Governor of the State Bank of Vietnam, providing the purchase and sale of corporate bonds by credit institutions and foreign bank branches.

Article 1. To amend and supplement Clause 4, Article 6 as follows:

“4. Pursuant to this Circular and relevant regulations, within 10 (ten) working days after issuing or amending and supplementing its internal regulations on purchase and sale of corporate bonds:

a/ A credit institution shall send such internal regulations to the State Bank of Vietnam (through the Department of Credit Institution Management and Supervision), except the case specified in Point b of this Clause;

b/ A credit institution subject to micro-prudential inspection and supervision by the State Bank’s regional branch shall send such internal regulations to that regional branch.”.

Article 2. To amend and supplement Article 13 as follows:

“Article 13. Organization of implementation

Heads of units under the State Bank of Vietnam, credit institutions and foreign bank branches shall organise the implementation of this Circular.”.

Article 3. Responsibility for organisation of implementation

Heads of units under the State Bank of Vietnam, credit institutions and foreign bank branches shall organise the implementation of this Circular.

Article 4. Implementation provision

This Circular takes effect on December 25, 2025.-

For the Governor of the State Bank of Vietnam
Deputy Governor
PHAM THANH HA