credit institution Archives

Some new points on the conditions for foreign loans not guaranteed by the Government

25/09/2024

To ensure relevancy with the characteristics of foreign loan transactions arising from Letter of Credit operations and to support enterprises’ payment for imported goods and services, the Governor of the State Bank of Vietnam has issued Circular 19/2024/TT-NHNN amending and supplementing a number of articles of Circular 08/2023/TT-NHNN regulating the conditions for foreign loans not guaranteed by the Government (Circular 19). Circular 19 takes effect from July 1, 2024.

New regulations on rescheduling debt repayment and maintaining debt groups

30/08/2023

On April 23, 2023, the State Bank of Vietnam issued Circular 02/2023/TT-NHNN on rescheduling debt repayment and maintaining debt groups by credit institutions and foreign bank branches in order to support customers facing difficulties. Circular 02 is developed and issued with the goal to continue supporting people and enterprises to overcome difficulties in production and business activities, with the inherited and modified contents based on the provisions of Circular 01/2020/TT-NHNN (amended and supplemented).

New regulations on interest rates for premature withdrawal of deposits at credit institutions, foreign bank branches

29/09/2022 by Nguyen Van Hai Dang

On June 16, 2022, the Ministry of Finance issued Circular 04/2022/TT-NHNN stipulating the application of interest rates for premature withdrawal of deposits at credit institutions, foreign bank branches (Circular 04/2022) to replace Circular 04/2011/TT-NHNN (Circular 04/2011). Compared to the former one, Circular 04/2022 provides a clearer legal framework for premature withdrawal of deposits.