Regulatory Alerts2026-05-19
Added · Updated
Circular No. 11/2026/TT-NHNN on Delegating Administrative Procedures in Credit Information and Amending Related Circulars on Bank Establishment and Operation
Circular No. 11/2026/TT-NHNN amends several articles of Circulars 38/2014, 34/2024, 56/2024, 57/2024, and 62/2024 to delegate authority for issuing licenses and approving credit information procedures to State Bank of Vietnam branches. The amendments update required documentation for foreign investors purchasing shares, replace branch-level approval for representative office license modifications with a 20-day review period, and mandate the issuance of license copies within two working days. It also introduces specific financial history, criminal record, and tax compliance requirements for founders of commercial banks and non-bank credit institutions, while clarifying dossier requirements for mergers, consolidations, and legal form conversions.
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