HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, has told banks to make sure that their clients can fully understand the difference between bank deposits and investments in corporate bonds and fund certificates.
The central bank has written to commercial banks telling them to revise or issue rules on consulting and sale of corporate bonds and fund certificates.
They must keep clients informed about the difference between bank deposits, corporate bonds and fund certificates, as well as their associated risks and benefits and buyers’ and sellers’ responsibilities.
Banks must clamp down on the practices that do not align with the SBV’s instructions.
