Regulatory Alerts2026-05-19
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Circular No. 11/2026/TT-NHNN on Decentralizing Administrative Procedures in Credit Information
The State Bank of Vietnam amends specific articles in Circulars 38/2014, 34/2024, 56/2024, 57/2024, and 62/2024 to decentralize administrative procedures for credit information, banking establishment, and bank reorganization. The amendments introduce new documentation requirements for foreign investors and non-Vietnamese personnel, including criminal record checks and financial reports, and establish specific processing timeframes for the State Bank of Vietnam and its branches. These changes apply to credit institutions, foreign banks, non-bank financial institutions, and their shareholders or founders.
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