Press release on issuance of Circular No. 21/2021/TT-NHNN
Hanoi, December 28, 2021 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 21/2021/TT-NHNN stipulating the maintenance of deposit balances by the State-owned credit institutions at Vietnam Bank for Social Policies.
This Circular is composed of nine (09) Articles and four (04) Appendices, with the following basic substances: Scope of application; Subjects of application; Deposit balances to be maintained by the State-owned credit institutions at Vietnam Bank for Social Policies; Interest rates applied for the deposit balances of State-owned credit institutions maintained at Vietnam Bank for Social Policies; Paying in and adjusting (adding in or withdrawing) the deposit balances maintained at Vietnam Bank for Social Policies; Responsibilities of the State-owned credit institutions, Vietnam Bank for Social Policies, and the SBV entities.
This Circular shall replace Circular No. 23/2013/TT-NHNN dated November 19, 2013 of SBV Governor stipulating the maintenance of deposit balances by the State-owned credit institutions at Vietnam Bank for Social Policies, and Circular No. 41/2015/TT-NHNN dated December 31, 2015 of SBV Governor amending and supplementing a number of Articles of Circular No. 23/2013/TT-NHNN dated November 19, 2013.
The Circular will take effect from February 11, 2022.
Translated by LK.