Regulatory Alerts2026-05-25
Circular No. 10/2026/TT-NHNN Amending Circular No. 27/2024/TT-NHNN (as amended by Circular No. 28/2025/TT-NHNN) on Cooperative Banks and the People's Credit Fund System Safety Assurance Fund
The State Bank of Vietnam issued Circular No. 10/2026/TT-NHNN to amend and supplement several articles of Circular No. 27/2024/TT-NHNN, which regulates cooperative banks and the People's Credit Fund System Safety Assurance Fund. Key changes include specifying requirements for cooperative banks' head offices, detailing procedures for re-issuing and copying licenses, and revising regulations on the contribution, management, and use of the Safety Assurance Fund. This Circular updates fee calculation formulas for both cooperative banks and people's credit funds, outlines conditions for fee exemptions and temporary suspensions, and establishes measures for handling underpayment or late payment of fees.
STATE BANK OF VIETNAM CIRCULAR No. 10/2026/TT-NHNN SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness Hanoi, Day Month 2026
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12; Pursuant to the Law on Credit Institutions No. 47/2024/QH15, which was amended and supplemented by Law No. 96/2025/QH15; Pursuant to the Law on Cooperatives No. 17/2023/QH15; Pursuant to Decree No. 26/2025/ND-CP of the Government stipulating the functions, tasks, powers and organizational structure of the State Bank of Vietnam; At the proposal of the Chief Inspector of the Banking Supervision Agency; The Governor of the State Bank of Vietnam hereby issues a Circular amending and supplementing a number of articles of Circular No. 27/2024/TT-NHNN regulating cooperative banks, the collection, management and use of the People's Credit Fund System Safety Assurance Fund, which was amended and supplemented by Circular No. 28/2025/TT-NHNN.
Article 1. Amending, supplementing the title and a number of clauses of Article 5
- Amending the title of Article 5 as follows: "Article 5. Operating term, operating area, head office".
- Supplementing Clause 3 into Article 5 as follows: "3. The head office of the cooperative bank must ensure compliance with the regulations on the head office of cooperatives according to the law on cooperatives and the following requirements: a) Is