Decision No. 141 TC/KBNN of the Minister of Finance stipulates the issuance of Treasury bonds with a one-year term at an annual interest rate of 21%, applicable nationwide. The decision specifies the bond buyers, payment methods, usage conditions and management of the bonds, as well as tax and budget regulations related to them.
要点
- Buyers of Treasury bonds include Vietnamese citizens both inside and outside the country, domestic enterprises, credit organizations, mass organizations, and foreign-invested enterprises (Article 2)
- The interest rate for Treasury bonds is 21% per annum, issued from April 1, 1995, nationwide (Article 1)
- Treasury bonds have denominations of VND 500,000, VND 1,000,000, VND 2,000,000, VND 5,000,000, and VND 10,000,000 (Article 4)
- Treasury bonds may be bought, sold, transferred, and pledged but cannot be used to replace circulating currency or pay taxes (Article 5)
- Income from Treasury bonds is exempt from taxation to the State Budget (Article 6)
🌐 本文件的社会影响
- Creating new investment opportunities for individuals and businesses, particularly credit organizations and foreign-invested enterprises
- Helping to increase liquidity in the banking system and financial market
- Can reduce public debt pressure if bonds are used effectively
❓ 常见问题
Who is permitted to purchase Treasury bonds?
Buyers of Treasury bonds include Vietnamese citizens both inside and outside the country, domestic enterprises, credit organizations, mass organizations, and foreign-invested enterprises (Article 2).
What is the interest rate for Treasury bonds?
The interest rate for Treasury bonds is 21% per annum (Article 1).
Can Treasury bonds be used as collateral?
Yes, Treasury bonds can be bought, sold, transferred, and used as collateral (Article 5).
Can Treasury bonds be used to pay taxes to the State?
No, Treasury bonds cannot be used to replace circulating currency or pay taxes (Article 5).
Are income from buying and selling Treasury bonds subject to taxation?
No, income from Treasury bonds for buyers and sellers are exempt from taxation to the State Budget (Article 6).
全文
Pursuant to …;
DECISION NO. 141 TC/KBNN OF THE MINISTER OF FINANCE ON STOPPING THE ISSUE OF TREASURY BONDS WITH A ONE-YEAR MATURITY PERIOD
DATE: FEBRUARY 22, 1995
THE MINISTER OF FINANCE
Pursuant to Decree No. 178/HĐBT dated October 28, 1994 of the Government stipulating the functions, tasks, and organizational structure of the Ministry of Finance;
WHEREAS, Decree No. 72/CP dated July 26, 1994 on the issuance of regulations for issuing various types of government bonds;
Pursuant to Decision No. 07/HĐBT dated January 4, 1990 of the Council of Ministers (now the Government) on the establishment of the State Treasury system under the Ministry of Finance;
At the proposal of the Director of the State Treasury Department;
Pursuant to …;
Article 1.- Issuing treasury bonds with a one-year maturity period and an annual interest rate of 21%, starting from April 1, 1995 throughout the 53 provinces and cities nationwide.
Article 2.- The buyers of treasury bonds include:
- Vietnamese citizens both within and outside the country, and foreigners legally working and residing in Vietnam.
- Domestic enterprises in all sectors and economic components, including commercial banks, credit organizations, financial companies, insurance companies, insurance funds, investment funds...
- Mass organizations.
- Foreign-invested enterprises operating under the Law on Foreign Investment in Vietnam and the Banking Ordinance, provided they are approved by the Ministry of Finance to purchase treasury bonds.
Article 3.Treasury bonds shall be settled in Vietnamese Dong (VND); principal and interest will be paid once at maturity (after 12 months) at treasury units nationwide.
Article 4.- Treasury bonds are bearer bonds printed with denominations of 500,000 VND, 1,000,000 VND, 2,000,000 VND, 5,000,000 VND, and 10,000,000 VND.
Article 5.- Treasury bonds can be freely bought, sold, and transferred; they may be used as collateral in credit relationships but cannot replace currency in circulation or be used to pay taxes to the State Budget. The owner of the bond may deposit the bond at the State Treasury agency for safekeeping and must pay storage fees as prescribed.
Article 6.- Income from treasury bonds for entities buying and selling bonds is exempt from taxation to the State Budget.
Article 7..- Proceeds from the issuance of treasury bonds are centralized in the Central Budget; the funds for settling treasury bonds and expenses related to their issuance and settlement are guaranteed by the Central Budget.
Article 8.- The Director of the State Treasury Department, heads of subordinate agencies under the Ministry of Finance, and provincial and city State Treasury branch chiefs responsible for issuing treasury bonds shall implement this Decision.
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