Press release on issuance of Circular No. 13/2024/TT-NHNN
Hanoi, June 28, 2024 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 13/2024/TT-NHNN amending and supplementing a number of Articles of Circular No.32/2015/TT-NHNN dated December 31, 2015 stipulating the limits and the prudent ratios in the operations of the people’s credit funds. The new Circular is aimed at providing guidance for the implementation of a number of paragraphs and Articles of the new Law on Credit Institutions, which was passed by the National Assembly in January 2024.
The new Circular is composed of 4 Articles, specifically as follows:
- Article 1: Amending and supplementing a number of Articles of Circular No.32/2015/TT-NHNN dated December 31, 2015 stipulating the limits and the prudent ratios in the operations of the people’s credit funds.
- Article 2: Replacing, abolishing a number of points, paragraphs, and Articles of Circular No.32/2015/TT-NHNN dated December 31, 2015 stipulating the limits and the prudent ratios in the operations of the people’s credit funds.
- Article 3: Responsibilities for the implementation.
- Article 4: Enforcement.
The new Circular takes effect from August 12, 2024.
Translated by Le Hang