Decision No. 122/TC-QĐ-KBNN stipulates the issuance of two-year Treasury bonds with an annual interest rate of 14%, applicable in 42 provinces/cities. The bonds shall only be sold to Vietnamese citizens residing in Vietnam, Vietnamese agencies, associations, and mass organizations, and foreign nationals legally working/residing in Vietnam.
Đối tượng áp dụng
Vietnamese citizens residing in Vietnam; Vietnamese agencies, associations, and mass organizations; Foreign nationals legally working and residing in Vietnam
Các điểm cốt lõi
- Two-year Treasury bonds with an annual interest rate of 14% will be issued starting from February 15, 1997.
- The minimum amount of one bond is 100,000 VND, with no maximum limit.
- Bondholders who wish to redeem their bonds before maturity: if the purchase time is less than 12 months, they will not receive interest; if the purchase time is between 12 and 24 months, they will receive interest for one year at an annual interest rate of 13%.
- Treasury bonds may be freely bought, sold, transferred, inherited, and used as collateral in credit relationships.
- The principal and interest of the bonds will be paid once upon maturity (after 24 months).
🌐 Tác động xã hội từ văn bản này
- Positive impact: Creates additional investment channels for domestic individuals, businesses, and foreign nationals legally working/residing in Vietnam.
- Negative impact: Foreign-invested enterprises are not permitted to purchase these bonds, limiting investment opportunities.
❓ Câu hỏi thường gặp
What is the interest rate of the two-year Treasury bonds?
The interest rate of the two-year Treasury bonds is 14% per annum.
Who is eligible to purchase these Treasury bonds?
The Treasury bonds shall only be sold to Vietnamese citizens residing in Vietnam, Vietnamese agencies, associations, and mass organizations, and foreign nationals legally working/residing in Vietnam.
What is the minimum amount of one bond?
The minimum amount of one bond is 100,000 VND (one hundred thousand dong).
In the case where bondholders wish to redeem their bonds early, what is the interest rate?
If the purchase time is less than 12 months, they will not receive interest; if the purchase time is between 12 and 24 months, they will receive interest for one year at an annual interest rate of 13%.
Can Treasury bonds be used as collateral?
Yes, Treasury bonds may be freely bought, sold, transferred, inherited, and used as collateral in credit relationships.
Toàn văn
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MINISTRY OF FINANCE ------------------- |
SOCIALIST REPUBLIC OF VIET NAM ------------------------------- |
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Number: 122/1997/TC-QĐ-KBNN |
Hanoi, February 1, 1997 |
Pursuant to …;
Regarding the issuance of two-year Treasury bonds
THE MINISTER OF FINANCE
Pursuant to Decree No. 178/CP dated October 28, 1994 of the Government on the tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 25/CP dated April 5, 1995 of the Government stipulating the tasks, powers, and organizational structure of the State Treasury under the Ministry of Finance;
Pursuant to Decree No. 72/CP dated July 26, 1994 of the Government on the issuance of government bonds regulations;
At the proposal of the Director General of the State Treasury,
DECISION:
Article 1. Issuing two-year Treasury bonds with an annual interest rate of 14% from February 15, 1997 in 42 provinces and cities listed in the attached list.
Article 2. Treasury bonds shall be sold to the following subjects: Vietnamese citizens residing within Vietnam; Vietnamese mass organizations; Foreign individuals working and living legally in Vietnam.
Domestic enterprises of all economic sectors and foreign-invested enterprises operating in Vietnam are not allowed to purchase such Treasury bonds.
Article 3. Treasury bonds shall be recorded and settled in Vietnamese Dong (VND), the minimum amount of one bond being 100,000 dong (one hundred thousand dong), with no maximum limit. The principal and interest of the bonds will be paid once at maturity (after 24 months).
In case the bondholder requests early redemption, if the time of purchasing the bond is less than 12 months, no interest will be payable; if the time of purchasing the bond is between 12 and 24 months, interest for one year at an annual rate of 13% will be payable.
Article 4. Treasury bonds shall bear the name and address of the purchaser, and may be freely bought, sold, transferred, and inherited among the eligible purchasers as stipulated in Article 2 of this Decision; They can be used as collateral or pledge in credit relationships; They cannot be used to replace currency in circulation or to pay taxes to the State budget.
Article 5. Proceeds from the sale of Treasury bonds shall be recorded in the Central Budget; The funds for payment of Treasury bonds and related expenses for issuing and paying off Treasury bonds shall be guaranteed by the Central Budget.
Article 6. The Director General of the State Treasury, heads of units under the Ministry of Finance directly involved, and Directors of Provincial State Treasuries responsible for issuing Treasury bonds shall be responsible for implementing this Decision.
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DEPUTY MINISTER DEPUTY MINISTER (Signed) Le Thi Bang Tam |
LIST
PROVINCES AND CITIES ISSUING TWO-YEAR TREASURY BONDS WITH AN ANNUAL INTEREST RATE OF 14%
(Attached to Decision No. 122 TC-QĐ/KBNN dated February 1, 1997 of
Minister of Finance)
1. Lao Cai
2. Yen Bai
3. Lai Chau
4. Son La
5. Lang Son
6. Tuyen Quang
7. Quang Ninh
8. Hoa Binh
9. Ha Noi
10. Hai Phong
11. Ha Tay
12. Hai Duong
13. Hung Yen
14. Ha Nam
15. Nam Dinh
16. Thai Binh
17. Ninh Binh
18. Thanh Hoa
19. Nghe An
20. Ha Tinh
21. Quang Binh
22. Quang Tri
23. Thua Thien Hue
24. Da Nang
25. Quang Nam
26. Quang Ngai
27. Kon Tum
28. Binh Dinh
29. Phu Yen
30. Khanh Hoa
31. Dak Lak
32. Lam Dong
33. Binh Thuan
34. Dong Nai
35. Ba Ria - Vung Tau
36. Ho Chi Minh City
37. Dong Thap
38. Tien Giang
39. Vinh Long
40. Can Tho
42. Tra Vinh
41. Kien Giang
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