Regulatory Alerts2026-05-19
Circular No. 14/2026/TT-NHNN dated May 19, 2026, amending and supplementing a number of articles of Circulars on microfinance institutions related to cutting, decentralizing, and simplifying administrative procedures
The State Bank of Vietnam issues this Circular to amend and supplement various articles of existing circulars related to microfinance institutions, aiming to cut down, decentralize, and simplify administrative procedures. It reassigns approval authority for the establishment and termination of transaction offices, representative offices, and non-business units to State Bank Provincial Branches, while also streamlining dossier requirements by utilizing national databases for information verification. Furthermore, the Circular details the conditions and procedures for mandating the termination of operations and dissolution of branches, transaction offices, representative offices, and non-business units in cases of false information or non-compliance.