VIE GVT Repealed VIE CB Documents

On Jun. 7, VIE GVT repealed circulars and decisions made by VIE CB.

  • VIE GVT published circular 05/2024/TT-NHNN abolishing a number of legal documents which had been previously promulgated by the governor of the State Bank of Vietnam.
  • Follows VIE CB Mar. 2024 proposed the abolishment of legal documents, see #205252.
  • Document dated Jun. 7, 2024, received from VIE GVT Jun. 14 summarized on Jun. 19.
  • Legal Documents Repealed
  • Circular 07/1997/TT-NHNN which guided the implementation of decision 802-TTg of Sep. 24, 1997 on solving the existing problems in opening letters of credit.
  • Decision 403/1997/QD-NHNN permitting management boards of bank projects to apply book-keeping account systems promulgated with dec 269/QD-NH2 of Dec. 1992.
  • Decision 456/2003/QD-NHNN on amending and supplementing the regulation on interbank electronic clearing payment, promulgated with dec 1557/2001/QD-NHNN.
  • Circular 34/2012/TT-NHNN regulating the development and maintenance of commercial banking operation software of the State Bank of Vietnam.
  • Circular 13/2021/TT-NHNN on amending and supplementing a number of articles of circular 26/2013/TT-NHNN on promulgating VIE CB's payment services fee schedule.
  • Effectiveness
  • Circular 05/2024/TT-NHNN takes effect on Jul. 22, 2024.

Regulators VIE CB; VIE GVT
Entity Types Bank; MSB
Reference Cir 05/2024/TT-NHNN, 6/7/2024; Rpl Cir 07/1997/TT-NHNN, 34/2012/TT-NHNN, 13/2021/TT-NHNN, Dec 403/1997/QD-NHNN, 456/2003/QD-NHNN
Functions Compliance; Financial; Operations; Reporting; Risk; Settlement; Technology; Treasury
Countries Vietnam
Products Banking; Clearing; Payments
Regions AP
Rule Type Final
Rule Date 6/7/2024
Effective Date 7/22/2024
Rule Id 216028
Linked to Rule :205252
Reg. Last Update 6/7/2024
Report Section International

Last substantive update on 06/19/2024