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August 05, 2021 | 17:27

Banks able to buy bills and CODs with shorter terms

The State Bank of Vietnam has issued a regulation stating that banks are allowed to buy bills and certificates of deposit (CODs) with a remaining term of less than 12 months in order to unify the transaction term between banks and the time limit for banks to discount with customers. Foreign bank branches will not be allowed to buy convertible bonds.

Banks able to buy bills and CODs with shorter terms
Photo: Illustration

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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