THE STATE BANK OF VIETNAM

Circular No. 21/2012/TT-NHNN of June 18, 2012, stipulatinglending and borrowing operations and termed purchase and sale of valuable papers among credit institutions and foreign bank branches
Pursuant to June 16, 2010 Law No. 46/2010/QH12 on the State Bank of Vietnam;
Pursuant to June 16, 2010 Law No. 47/2010/QH12 on Credit Institutions;
Pursuant to the Government’s Decree No. 96/2008/ND-CP of August 26, 2008, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
At the proposal of the Director of the Credit Department;
The Governor of the State Bank of Vietnam promulgates the Circular stipulating lending and borrowing operations and termed purchase and sale of valuable papers among credit institutions and foreign bank branches.
Chapter 1
GENERAL PROVISIONS
Article 1. Scope of regulation

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This Circular stipulates lending and borrowing operations and termed purchase and sale of valuable papers among credit institutions and foreign bank branches on the monetary market.
Article 2. Subjects of application

1. Subjects eligible for performing lending and borrowing operations include credit institutions that are commercial banks, financial companies, financial leasing companies, cooperative banks, people’s credit funds and micro financial institutions; and foreign bank branches operating in Vietnam under the Law on Credit Institutions.