Press release on the issuance of Circular No.21/2017/TT-NHNN

Press release on the issuance of Circular No.21/2017/TT-NHNN

Hanoi, December 29, 2017 – The Governor of the State Bank of Vietnam (SBV) issued Circular No.21/2017/TT-NHNN stipulating the mode of disbursement of loans by credit institutions and foreign bank branches to customers, replacing Circular No. 09/2012/TT-NHNN dated April 10, 2012 regulating the use of payment instruments for loan disbursement by credit institutions and foreign bank branches for their customers

The Circular No.21/2017/TT-NHNN takes effect from April 2, 2018 consisting of 10 main Articles, specifically as follows:

Scope of adjustment and subjects of application of the Circular

Disbursement method for loans using non-cash payment services

Disbursement method for loans in cash

The application of loan disbursement methods in some specific cases

Other regulations applicable to credit institutions, branches of foreign banks and customers.

Translated by VA