Press Release on issuance of Circular No.19/2025/TT-NHNN
Hanoi, July 31, 2025. The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 19/2025/TT-NHNN stipulating the operational networks of micro-finance institutions.
This Circular enters into force on September 15, 2025.
The Circular is composed of 7 Chapters with 36 Articles, specifically as follows:
Chapter I: Consisting of 10 Articles (from Article 1 to Article 10), stipulating the scope of regulation; the subjects of application; the interpretation of terms; the approving authority of the network of a micro-finance institution; the transaction points; the operational substances of the non-business units; the operational areas and the names of the branches and transaction offices; the numbers of branches and transaction offices; the principles in compiling and submitting the required dossiers and notifications; the Regulations on the management of the branches, transaction offices, and transaction points.
Chapter II: Consisting of 08 Articles (from Article 11 to Article 18), stipulating the required conditions, dossiers and procedures for the establishment of a branch, a transaction office, a representative office, or a non-business unit of a micro-finance institution; the commencement of operations, and the information disclosure.
Chapter III: Consisting of 05 Articles (from Article 19 to Article 23), stipulating the change of the name and address of a branch, a transaction office, a representative office, or a non-business unit; the change of the supervisory branch of a transaction office, and the disclosure of the information on the changed substances.
Chapter IV: Consisting of 05 Articles (from Article 24 to Article 28), stipulating the automatic termination of operations and the dissolution; the voluntary termination of operations and dissolution; the compulsory termination of operations and dissolution; and the disclosure of the information on the termination of operations and dissolution of a branch, a transaction office, a representative office, or a non-business unit of a micro-finance institution.
Chapter V: Consisting of 02 Articles (from Article 29 to Article 30), stipulating the submission of information by the microfinance institutions to the SBV, and the notifications of the SBV to the business registration authorities.
Chapter VI: Consisting of 03 Articles (from Article 31 to Article 33), stipulating the responsibilities of the microfinance institutions, the responsibilities of the SBV regional branches, and the responsibilities of the SBV entities.
Chapter VII: Consisting of 03 Articles (from Article 34 to Article 36), stipulating the transitional provisions, the entry into force, and the implementation arrangements.
LP