Circular No. 31/2025/CT-NHNN comprises 4 Chapters and 15 Articles:
Chapter I (General Provisions) — Articles 1 to 3;
- Chapter II (Activities of Debt Management Companies and Rights & Obligations of the Debt Manager and the Principal) — Articles 4 to 12, covering topics such as:
• permissible activities of debt management companies;
• types of receivables subject to management in debt management operations;
• debt management, debt handling, and asset recovery under mandates granted by the principal;
• debt purchase and sale;
• acquisition of collateral assets for non-performing debts;
• internal regulations;
• rights and obligations of debt management companies;
• rights and obligations of the principal (i.e. the credit institution).
- Chapter III (Responsibilities of the SBV) — Article 13, which outlines the SBV’s responsibilities for oversight and implementation.
- Chapter IV (Implementation Provisions) — Articles 14 and 15, dealing with the effective date and organizational implementation matters.
Circular No. 31 takes effect from December 1, 2025.
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