TO DISCOUNT OR PLEDGE DEBT OF GOVERNMENT BONDS
On June 30, 2018, the Government issues the Decree No. 95/2018/ND-CP on providing the issuance, registration, depositing, listing and trading of government debt instruments on securities market).
A holder of government debt instruments is entitled to receive full payment of principal and interest on debt instruments upon their maturity date and transfer, give, donate, discount or pledge debt instruments, leave them as inheritance or use them to conduct other transactions in accordance with applicable laws.
The Ministry of Finance shall take charge of paying principal and interest on Government debt instruments issued in the domestic market to holders when they are due.
The followings are entitled to buy Government debt instruments issued in the domestic market: Domestic and foreign organizations and individuals are allowed to purchase government debt instruments with unlimited quantity; Securities investment funds and voluntary pension funds are allowed to entrust the purchase of government debt instruments to fund management companies.
Buyers of Government debt instruments issued on the international market are organizations and individuals authorized by laws applicable in the issuing market.
This Decree takes effect on July 01, 2018.
