The State Bank of Vietnam drafted a Circular to replace Circular No. 22/2016/TT-NHNN regulating the purchasing and selling corporate bonds of credit institutions, foreign banks’ branches. This Draft Circular, if issued, will have a lot of impacts on the corporate bond investment activities of credit institutions in particular and the corporate bond market in general.

VBMA collected comments from VBMA Members on this Draft Circular and organized a meeting to reach consensus amongst the members on these comments on August 24, 2021. After the meeting, VBMA sent an official Letter of comments on the draft Circular to the State Bank of Vietnam on August 30, 2021.