Decision No. 141-TC/KBNN of the Ministry of Finance on the issuance of Treasury bonds with a one-year term at an annual interest rate of 21%, applicable nationwide from April 1, 1995. This decision specifies the eligible bond buyers and related conditions.
要点
- The buyers of Treasury bonds include: Vietnamese citizens both within and outside the country, foreigners working and residing legally in Vietnam; domestic enterprises in all sectors and economic components; mass organizations; foreign-invested enterprises operating under the Law on Foreign Investment and the Banking Ordinance if approved by the Ministry of Finance.
- Treasury bonds are issued and settled in Vietnamese Dong (VND); principal and interest are paid once upon maturity (after 12 months) at Treasury units throughout the country.
- Treasury bonds are bearer bonds printed with denominations of VND 500,000, VND 1,000,000, VND 2,000,000, VND 5,000,000, and VND 10,000,000.
- Treasury bonds may be freely bought, sold, and transferred; they can be used as collateral in credit relationships; however, they cannot be used to replace currency in circulation or to pay taxes to the State Budget.
- Income from Treasury bonds for bond buyers is exempt from taxation to the State Budget.
🌐 本文件的社会影响
- Positive impact: Creates additional safe and flexible investment channels for individuals and businesses, increasing the liquidity of funds in the banking system.
- Negative impact: The cost of issuing Treasury bonds may impose a financial burden on organizations buying and selling bonds.
❓ 常见问题
Who is permitted to buy Treasury bonds?
Vietnamese citizens both within and outside the country, foreigners working and residing legally in Vietnam; domestic enterprises in all sectors and economic components; mass organizations; foreign-invested enterprises operating under the Law on Foreign Investment and the Banking Ordinance if approved by the Ministry of Finance.
What is the interest rate of Treasury bonds?
The interest rate of Treasury bonds is 21% per annum.
How can Treasury bonds be used?
Treasury bonds may be freely bought, sold, and transferred; they can be used as collateral in credit relationships.
Are income from Treasury bonds subject to tax?
No, income from Treasury bonds for bond buyers is exempt from taxation to the State Budget.
Can Treasury bonds be used to replace currency in circulation and to pay taxes to the State Budget?
No, Treasury bonds cannot be used to replace currency in circulation or to pay taxes to the State Budget.
全文
DECISION OF THE MINISTER OF FINANCE
Regarding the suspension of the issuance of Treasury bonds with a one-year term
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;
Pursuant to Decree No. 72/CP dated July 26, 1994 on the issuance of regulations for the issuance of 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;
DECISION:
Article 1. Issuance of Treasury bonds with a one-year term and an interest rate of 21% per annum will commence 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 Ordinance on Banks, if approved by the Ministry of Finance to purchase Treasury bonds.
Article 3. Treasury bonds shall be issued and 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 VND 500,000, VND 1,000,000, VND 2,000,000, VND 5,000,000, and VND 10,000,000.
Article 5. Treasury bonds may be freely bought, sold, and transferred; they can be used as collateral or pledge in credit relationships; however, they cannot be used to replace currency in circulation or 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 does not need to be taxed to the State Budget.
Article 7. Proceeds from the issuance of Treasury bonds will be centralized in the Central Budget; The funds for settling Treasury bonds and expenses related to their issuance and settlement will be guaranteed by the Central Budget.
Article 8. The Director of the State Treasury, heads of agencies under the Ministry of Finance, and provincial and city State Treasury branch chiefs responsible for issuing Treasury bonds are tasked with implementing this Decision./.
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