Press release on issuance of Circular No.08/2021/TT-NHNN
Hanoi, July 6, 2021. The Governor of the State Bank of Vietnam (SBV) has issued Circular No.08/2021/TT-NHNN stipulating the provision of special loans to the credit institutions which are under special supervision.
The new Circular, which is composed of 3 Chapters, 28 Articles and 7 appendices, shall replace Circular No. 01/2018/TT-NHNN dated January 26, 2018 of the SBV Governor stipulating the provision of special loans to the credit institutions which are under special supervision. The new Circular stipulates the cases in which credit institutions are provided with special loans, the principles for the special loans, the purposes of using the special loans, the amounts of the special loans, the maturities, the lending interest rates, and the collaterals for the special loans from the credit institutions which are under special supervision, the process of considering to provide a special loan to a credit institution which is under special supervision, and the responsibilities of the relevant entities.
The new Circular shall take effect from October 27, 2021.
Translated by Le Hang