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.
STATE BANK OF VIETNAM SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness No.: /I /2026/TT-NHNN Hanoi, date $ month ;eight 2026 STATE BANK OF VIETNAM LEGAL DEPARTMENT APPRAISED CIRCULAR Amending and supplementing a number of articles of Circulars on microfinance institutions related to cutting, decentralizing, and simplifying administrative procedures Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12; Pursuant to the Law on Credit Institutions No. 32/2024/QH15, amended and supplemented by Law No. 96/2025/QH15; Pursuant to the Law on Enterprises No. 59/2020/QH14, amended and supplemented by Law No. 03/2022/QH15 and Law No. 76/2025/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 Director of the Department of Credit Institution System Safety; The Governor of the State Bank of Vietnam issues a Circular amending and supplementing a number of articles of Circulars on microfinance institutions related to cutting, decentralizing, and simplifying administrative procedures. Chapter I AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 19/2025/TT-NHNN STIPULATING THE OPERATING NETWORK OF MICROFINANCE INSTITUTIONS, AMENDED AND SUPPLEMENTED BY CIRCULAR NO. 64/2025/TT-NHNN Article 1. Amending and supplementing a number of clauses of Article 4
- Amending and supplementing Clause 2 as follows: "2.