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SBV: On the Issuance of the Circular No. 23/2025/TT-NHNN

16/08/2025 at 20:46 (GMT) Follow VNBA on VNBA trên Google news
The State Bank of Vietnam has issued a circular amending and supplementing several articles of Circular No. 30/2019/TT-NHNN, dated December 27, 2019, of the Governor of the State Bank of Vietnam, regarding the implementation of compulsory reserves for credit institutions and foreign bank branches.

On August 12, 2025, the State Bank of Vietnam (SBV) issued Circular No. 23/2025/TT-NHNN, which amends and supplements several articles of Circular No. 30/2019/TT-NHNN, dated December 27, 2019, of the SBV Governor, on the implementation of compulsory reserves for credit institutions and foreign bank branches.

The circular consists of 12 articles, primarily amending and supplementing regulations in Circular 30/2019/TT-NHNN regarding cases where credit institutions are exempt from compulsory reserves and credit institutions that are eligible for a 50% reduction in the compulsory reserve ratio under the Law on Credit Institutions No. 32/2024/QH15.

Additionally, the circular amends and supplements regulations in Circular 30/2019/TT-NHNN related to some units of the SBV to align with the SBV's organizational structure as stipulated in Decree 26/2025/NĐ-CP dated February 24, 2025.

This circular will take effect on October 1, 2025.

STATE BANK OF VIETNAM

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