On Aug. 11, 2026, VIE CB issued press release on issuance of above circular.
Document dated Aug. 11, 2026, received from VIE CB Aug. 12, summarized Aug. 17.
On May 15, VIE CB proposed circular re prudential safety limits, ratios.
VIE CB consulted on a draft circular replacing circular 32/2015/TT-NHNN on prudential safety limits and ratios for people's credit funds (QTDNDs), last amended by circular 13/2024/TT-NHNN.
Follows VIE CB Mar. 2024 proposed amendments re limits and safety ratios, #205661.
Outline of Draft Circular
Two new articles introduced: article 6 establishes the calculation method for the real value of charter capital; article 7 prescribes remediation obligations when the real value falls below the legal minimum.
When the real value of charter capital falls below the legal minimum, a QTDND must develop a remediation plan and submit it to the VIE CB regional branch within 30 days, including the cause and measures to restore compliance.
Liquidity ratio requirement converted to a percentage basis (minimum 100%); the term business days replaced with days so QTDNDs must maintain compliance continuously, including on non-business days.
Capital contributions to the cooperative bank (NHTX) reclassified from 100% to 0% risk weight; deposits at specially controlled credit institutions excluded from the 20% risk-weight category.
Short-term funds used for medium/long-term lending: maximum ratio of 30% retained; a new clause specifies the ratio equals zero when medium/long-term loans are less than medium/long-term funding sources.
Minimum capital adequacy ratio (CAR) of 8% and deposit-to-equity ratio cap of 20 times retained; internal governance policies must be issued by the board of directors without requiring prior board approval.
Consultation End
The comment period is open until May 26, 2026.
Jun. 2026 Comments Received
On Jun. 19, 2026, VIE CB issued a summary of the comments and suggestions received.
Document dated Jun. 19, 2026, received from VIE CB Jun. 27, summarized Jun. 29.
Aug. 2026 VIE GVT Consultation Finalized
On Aug. 10, 2026, VIE GVT published Cir 40/2026/TT-NHNN to finalize above consultation, effective from Nov. 1, 2026.
Document dated Aug. 10, 2026, received from VIE GVT Aug. 12, summarized Aug. 13.
Aug. 11, 2026 Press Release
On Aug. 11, 2026, VIE CB issued press release on issuance of above circular.
Document dated Aug. 11, 2026, received from VIE CB Aug. 12, summarized Aug. 17.
