Regulatory Alerts2026-05-19
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Circular No. 13/2026/TT-NHNN amending and supplementing certain articles of Circular No. 53/2018/TT-NHNN on the operational network of non-bank credit institutions
This Circular amends and supplements Circular No. 53/2018/TT-NHNN to update the operational network regulations for non-bank credit institutions. It expands the delegated authority of State Bank of Vietnam regional branches to approve changes to branch locations, voluntary closures, and liquidations. The document establishes specific administrative procedures for submitting applications, including digital submission via the National Public Service Portal, and sets strict deadlines for processing approvals, such as 21 working days for branch establishment and 12 months for reporting network maintenance. It also defines the responsibilities of the State Bank's supervisory agencies and regional branches in monitoring, inspecting, and enforcing the suspension or termination of operations for non-compliant entities.
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