PM urges ministries to finalize bills, preventing bottlenecks for businesses
A Government meeting held on August 18 to discuss 12 draft laws and resolutions expected to be submitted to the National Assembly for approval.
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.