Press release on issuance of Circular No.12/2020/TT-NHNN
Hanoi, November 11, 2020. The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 12/2020/TT- NHNN amending and supplementing a number of articles of Circular No.05/2020/TT-NHNN dated May 7, 2020 of the SBV Governor stipulating the refinancing for Vietnam Bank for Social Policies, in line with the Prime Minister’s Decision No. 15/2020/QD-TTG dated April 24, 2020 providing for the implementation of support polices for people affected by the COVID-19 pandemic (Circular 12).
The issuance of Circular 12 aims to promptly implement the Government's Resolution No. 154/NQ-CP dated October 19, 2020 amending and supplementing Resolution No. 42/NQ-CP dated April 9, 2020 of the Government on measures to support people facing difficulties caused by the COVID-19 pandemic, and Decision No. 32/2020/QD-TTg dated October 19, 2020 of the Prime Minister amending and supplementing Decision No. 15/2020/QD-TTg dated April 24, 2020 providing for the implementation of support policies for people facing difficulties caused by the COVID-19 pandemic.
Circular 12 also stipulates the deadline for the State Bank of Vietnam to disburse the refinancing loans to Vietnam Bank for Social Policies of January 31, 2021, in order to be in line with the provisions of Decision No. 32/2020/QD-TTg of the Prime Minister.
The new Circular takes effect from November 11, 2020.
Translated by VA