On Jun. 12, 2025, VIE GVT and VIE CB issued decree 135/2025/ND-CP on financial management for credit institutions and foreign bank branches, providing regs on financial management, revenue, expenses, profit distribution for the entities specified.
Replaces decree 93/2017/ND-CP dated Aug. 7, 2017 on the same subject matter.
Applies to credit institutions and foreign bank branches under Credit institutions law including state-owned institutions and those with state capital participation.
Establishes financial autonomy with self-responsibility for business results and mandatory public disclosure of financial reports; owner's equity includes charter capital, asset revaluation differences, reserves, and accumulated profits.
Revenue recognition based on debt classification with interest from non-standard debt not recognized until collected; state-owned entities allocate profits in indicated order.
State-owned institutions to submit annual financial plans by Jul. 31, review by Mar. 1; evaluated by revenue, profit margin, bad debt ratios, legal compliance, public service.
The decree takes effect from Aug. 1, 2025.
On May 7, VIE GVT issued draft law on State-owned credit institutions.
VIE GVT drafted law on financial regimes for credit institutions, foreign bank branches.
Along with financial oversight and evaluation of efficacy of state capital investments in State-owned credit institutions where the State holds over 50% of the charter capital.
Document dated May 7, 2024, received from VIE GVT May 9, summarized on May 13.
Charter Capital
The financial regime for credit institutions/foreign banks is regulated under decree 93.
To improve financial regime framework for credit institutions, evaluate effectiveness of state capital investment in credit institutions where the State holds more than 50% of charter capital, it is necessary to promulgate a new decree to replace decree 93.
Effectiveness
Comments to Department of Banking and Financial Institutions, no deadline specified.
Jun. 2025 VIE GVT, VIE CB Decree Issued
On Jun. 12, 2025, VIE GVT and VIE CB issued decree 135/2025/ND-CP on financial management for credit institutions and foreign bank branches, providing regs on financial management, revenue, expenses, profit distribution for the entities specified.
Replaces decree 93/2017/ND-CP dated Aug. 7, 2017 on the same subject matter.
Applies to credit institutions and foreign bank branches under Credit institutions law including state-owned institutions and those with state capital participation.
Establishes financial autonomy with self-responsibility for business results and mandatory public disclosure of financial reports; owner's equity includes charter capital, asset revaluation differences, reserves, and accumulated profits.
Revenue recognition based on debt classification with interest from non-standard debt not recognized until collected; state-owned entities allocate profits in indicated order.
State-owned institutions to submit annual financial plans by Jul. 31, review by Mar. 1; evaluated by revenue, profit margin, bad debt ratios, legal compliance, public service.
The decree takes effect from Aug. 1, 2025.
Regulators
VIE CB; VIE GVT
Entity Types
Bank; MSB
Reference
Dec 135/2025/ND-CP, 6/12/2025; CP, 5/7/2024; Dec 299/QD TTg, 4/10/2024; Dec 93/2017/ND-CP, 7/8/2017; ESG
