List of Vietnam Law
Circular No. 37/2025/TT-NHNN dated October 31, 2025 of the State Bank of Vietnam on amendments to Circular No. 31/2024/TT-NHNN of the Governor of the State Bank of Vietnam prescribing classification of assets in operations of commercial banks, non-bank credit institutions and foreign bank branches
Date: 10/31/2025
|
THE STATE BANK OF VIETNAM
------- |
THE SOCIALIST REPUBLIC OF VIET NAM
Independence-Freedom-Happiness ----------------- |
|
No. 37/2025/TT-NHNN
|
Hanoi, October 31, 2025
|
CIRCULAR
AMENDMENTS TO CIRCULAR NO. 31/2024/TT-NHNN OF GOVERNOR OF THE STATE BANK OF VIETNAM PRESCRIBING CLASSIFICATION OF ASSETS IN OPERATIONS OF COMMERCIAL BANKS, NON-BANK CREDIT INSTITUTIONS AND FOREIGN BANK BRANCHES
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12;
Pursuant to the Law on Credit Institutions No. 32/2024/QH15, as amended by the Law No. 96/2025/QH15;
Pursuant to the Government's Decree No. 26/2025/ND-CP defining functions, tasks, powers and organizational structure of the State Bank of Vietnam (SBV);
At the request of the Director of the Department of System Safety Supervision of Credit Institutions;
The Governor of the State Bank of Vietnam promulgates a Circular providing amendments to the Circular No. 31/2024/TT-NHNN dated June 30, 2024 of the Governor of the State Bank of Vietnam prescribing classification of assets in operations of commercial banks, non-bank credit institutions and foreign bank branches.
Article 1. Amendments to clause 5 Article 5
“5. Banks and non-bank credit institutions shall send reports to SBV as prescribed in clause 4 of this Article as follows:
a) Banks and non-bank credit institutions shall send their reports to SBV (via the Credit Institution Management and Supervision Department), except the cases in point b of this clause;
b) If an FBB is subject to microprudential inspection and supervision of a SBV’s regional branch, it shall submit reports to that SBV’s regional branch.”.
Article 2. Amendments to clause 2 Article 7
“2. Banks and non-bank credit institutions shall send reports to SBV as prescribed in clause 1 of this Article as follows:
a) Banks and non-bank credit institutions shall send their reports to SBV (via the Credit Institution Management and Supervision Department), except the cases in point b of this clause;
b) If an FBB is subject to microprudential inspection and supervision of a SBV’s regional branch, it shall submit reports to that SBV’s regional branch.”.
Article 3. Amendments to clause 4 Article 11
“4. Within 20 (twenty) days of receipt of an adequate and valid application as prescribed in clause 3 of this Article, SBV shall send its written approval to the bank or non-bank credit institution. In case of refusal, SBV shall clearly state written reasons for such refusal.”.
Article 4. Amendments to some clauses of Article 14
1. Clause 1 Article 14 is amended as follows:
“1. Responsibilities of SBV Inspectorate, and Credit Institution Management and Supervision Department:
a) SBV Inspectorate shall carry out inspection, and take actions against violations against regulations on classification of debts and OBS commitments, establishment and use of risk provisions of banks and non-bank credit institutions within its jurisdiction and in accordance with regulations of law;
b) The Credit Institution Management and Supervision Department shall:
(i) Receive internal credit rating systems of banks and non-bank credit institutions as prescribed in Article 5 and their internal regulations on credit extension and debt management, and risk provision policies as prescribed in Article 7 of this Circular;
(ii) Carry out supervision, and take actions against violations against regulations on classification of debts and OBS commitments, establishment and use of risk provisions of banks and non-bank credit institutions within its jurisdiction and in accordance with regulations of law;
(iii) Process, as assigned, applications submitted by FBBs for approval of application of risk provision policies of their parent banks, and applications submitted by banks, non-bank credit institutions and FBBs for approval for classification of debts and OBS commitments using qualitative method.”.
2. Clause 2 Article 14 is amended as follows:
“2. The Department of Forecasting and Statistics - Monetary and Financial Stabilization shall play the leading role and cooperate with relevant units in requesting the SBV’s Governor to promulgate regulations on statistical reporting on classification of debts and OBS commitments, establishment and use of risk provisions of banks and non-bank credit institutions.”.
3. Clause 5 Article 14 is amended as follows:
“5. Each SBV's regional branch shall:
a) Receive internal credit rating systems of FBBs as prescribed in Article 5 and their internal regulations on credit extension and debt management, and risk provision policies as prescribed in Article 7 of this Circular;
b) Carry out inspection and supervision, and take actions against violations against regulations on classification of debts and OBS commitments, establishment and use of risk provisions of local banks and non-bank credit institutions within its jurisdiction and in accordance with regulations of law;
c) Process, as assigned, applications submitted by FBBs for approval of application of risk provision policies of their parent banks, and classification of debts and OBS commitments using qualitative method.”.
Article 5. Amendments to Article 17
“Article 17. Responsibility for implementation
Heads of SBV’s affiliated units, commercial banks, and non-bank credit institutions, and FBBs are responsible for the implementation of this Circular.”.
Article 6. Responsibility for implementation
Heads of SBV’s affiliated units, commercial banks, non-bank credit institutions, and FBBs are responsible for the implementation of this Circular.
Article 7. Effect
This Circular comes into force from December 15, 2025./.
|
|
PP. GOVERNOR
DEPUTY GOVERNOR (Signed and sealed) Doan Thai Son (This translation is for reference only)
|
