Press release on issuance of Circular No. 09/2024/TT-NHNN
Hanoi, June 28, 2024 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 09/2024/TT-NHNN amending and supplementing a number of Articles in the Circulars regulating the prudent limits and ratios in the operations and the internal control systems of the credit institutions and the foreign bank branches.
Circular No. 09/2024/TT-NHNN is composed of 5 Articles, specifically as follows:
Article 1: Comprising of 20 Paragraphs amending, supplementing, replacing and abolishing a number of Articles of Circular No. 22/2019/TT-NHNN, specifically as follows: amending and supplementing the regulations on the total credit outstanding; the investment ratio in corporate bonds; the management of the credit granting operations; the case of a credit institution or a foreign bank branch under risks of, or having fallen into insolvency; the purchase of and the investment in the Government bonds, Government-guaranteed bonds; the undistributed profits; etc.
Article 2: Comprising of 18 Paragraphs amending, supplementing, replacing and abolishing a number of Articles of Circular No. 23/2020/TT-NHNN, specifically as follows: amending and supplementing the regulations on the investment in corporate bonds; the management of the credit granting operations; the case of a credit institution or a foreign bank branch under risks of, or having fallen into insolvency; the purchase of and the investment in the Government bonds, Government-guaranteed bonds; the undistributed profits; etc.
Article 3: Amending and supplementing Circular No. 13/2018/TT-NHNN dated May 18, 2018 of the SBV Governor regulating the internal control systems of the commercial banks and the foreign bank branches (as amended and supplemented).
Article 4: Responsibilities for the implementation.
Article 5: Enforcement
The new Circular takes effect from July 1, 2024.
Translated by Hai Yen