On December 23, 2022, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 2160/QD-NHNN announcing a number of amendments and supplementations of administrative procedures related to the monetary operations as stipulated in Circular No. 12/2022/TT-NHNN dated September 30, 2022, which are performed at the Single Window under the SBV’s jurisdiction.
Specifically, the amended and supplemented administrative procedures, which are to be performed at the SBV (the Central Banking Department), are:
“The procedures for opening a depository account for valuable papers applied to Deposit Insurance of Vietnam (DIV), the credit institutions, the foreign bank branches and other organizations in line with the decision of the SBV Governor”;
“The procedures for closing a depository account for valuable papers applied to Deposit Insurance of Vietnam (DIV), the credit institutions, the foreign bank branches and other organizations in line with the decision of the SBV Governor”.
The above amended and supplemented administrative procedures are related to the area of monetary operations and to be performed in line with Circular No. 16/2022/TT-NHNN dated November 30, 2022 regulating the depository and use of valuable papers at the SBV.
Decision No. 2160/QD-NHNN takes effect from January 17, 2023 and shall abolish Decision No. 1065/QD-NHNN dated May 19, 2016 of the SBV Governor announcing the administrative procedures under the SBV’s jurisdiction.
LK