Press Release on issuance of Circular No.27/2019/TT-NHNN
Hanoi, December 25, 2019 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 27/2019/TT-NHNN amending and supplementing a number of articles of Circular No.35/2014/TT-NHNN dated November 20, 2014 stipulating the fees for withdrawing cash via payment accounts at the SBV.
The issuance of the new Circular is aimed at helping to ensure the quality of money in circulation, promoting non-cash payments, enhancing the application of IT in the reporting within the SBV, and stipulating the methods of collecting fees for withdrawing cash via payment accounts at the SBV.
The new Circular is composed of 4 Articles as follows:
Article 1, Amending and supplementing a number of articles of Circular No.35/2014/TT-NHNN dated November 20, 2014 stipulating the fees for withdrawing cash via payment accounts at the SBV.
Article 2, Abolishing a number of regulations on responsibilities for periodical reports by the SBV entities, and shall replace the Appendix in Circular No.35/2014/TT-NHNN.
Article 3, Responsibilities for the implementation.
Article 4, Enforcement.
The new Circular takes effect from May 1, 2020.
Translated by Le Hang