The Circular is organized into four distinct Chapters:
Chapter I: Amends and supplements several articles of Circular No. 38/2014/TT-NHNN regarding the documentation, order, and procedures for approving foreign investors purchasing shares in Vietnamese credit institutions.
Chapter II: Amends and supplements several articles of Circular No. 63/2024/TT-NHNN regarding:
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Documentation and procedures for the revocation of Licenses and the liquidation of assets of credit institutions and foreign bank branches.
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Documentation and procedures for the revocation of Licenses for representative offices in Vietnam of foreign credit institutions and other foreign entities engaged in banking activities.
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Chapter III: Amends and supplements Clause 3, Article 9 of Circular No. 20/2025/TT-NHNN, which provides guidance on the documentation and procedures for approving the proposed list of personnel for commercial banks, foreign bank branches, and non-bank credit institutions.
Chapter IV: Implementation provisions.
Circular No. 48/2025/TT-NHNN shall officially enter into force on January 30, 2026.
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