Regulatory Alerts2026-05-19
Circular No. 15/2026/TT-NHNN Amending and Supplementing Certain Articles of Circulars on Credit Institutions Being Cooperatives Related to Cutting Back, Decentralizing, and Simplifying Administrative Procedures
The State Bank of Vietnam issued Circular No. 15/2026/TT-NHNN to amend and supplement regulations governing credit institutions that are cooperatives, specifically focusing on the reduction, decentralization, and simplification of administrative procedures. The circular updates requirements for licensing, branch establishment, and personnel appointments by mandating the use of national and specialized databases for information verification and establishing strict timelines for regulatory approvals. It also clarifies the conditions and procedures for the forced suspension or dissolution of branches and representative offices, ensuring stricter compliance with operational standards.
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