THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom Happiness
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No. 19/2004/TT-BTC
Hanoi, March 18th, 2004
 
CIRCULAR
GUIDING THE TREASURY BILL AND FOREIGN-CURRENCY BOND BIDDING THROUGH VIETNAM STATE BANK
In furtherance of the Governments Decree No. 141/2003/ND-CP of November 20, 2003 on the issuance of Government bonds, Government-underwritten bonds and local administration bonds; after reaching an agreement with Vietnam State Bank, the Finance Ministry hereby guides the Treasury bill and foreign-currency bond bidding through Vietnam State Bank as follows:
I. GENERAL PROVISIONS
1. This Circular applies to Vietnam State Bank, the Finance Ministry, organizations and individuals involved in the bidding for Treasury bills and foreign-currency bonds through Vietnam State Bank.
2. Basing itself on its tasks of mobilizing capital for the State budget and for development investment, the Finance Ministry shall decide on the volume of Treasury bills and foreign-currency bonds to be issued annually. The State Treasury may take initiative in deciding on the volume and time for each issuance drive, suitable to capital use demands and the situation of the financial and monetary markets.
3. Vietnam State Bank shall act as an agent for the Finance Ministry in organizing bidding and payment of Treasury bills and foreign-currency bonds.
Vietnam State Bank shall be entitled to purchase the volumes of Treasury bills left after bidding sessions if the bidding participants have not yet bought them out.
 

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