Hanoi, August 29, 2025. The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 24/2025/TT-NHNN amending and supplementing a number of Articles of Circular No. 63/2024/TT-NHNN stipulating the application dossiers and procedures for license revocation and asset liquidation of credit institutions, foreign bank branches; application dossiers and procedures for license revocation of representative offices in Vietnam of foreign credit institutions, and other foreign organizations with banking operations.
The Circular is composed of 6 Articles, stipulating the following main substances:
- Article 1: Amending and supplementing a number of clauses of Article 3;
- Article 2: Amending and supplementing a number of clauses of Article 6;
- Article 3: Amending and supplementing Article 16;
- Article 4: Amending and supplementing Article 22;
- Article 5: Implementation arrangements;
- Article 6: Entry into force.
This Circular enters into force on October 15, 2025.
HM