On January 17, 2022, the State Bank of Vietnam (SBV) issued Decision No. 43/QD-NHNN announcing the abolition of an administrative procedure for the banking establishment and operations performed at the Single Window System under the SBV’s jurisdiction.
Accordingly, the abolished administrative procedure under the SBV’s jurisdiction is the procedure in which the related credit institution or foreign bank branch is required to notify the SBV in writing about their selected audit entity to conduct the audit for the said credit institution or foreign bank branch.
This Decision takes effect from April 15, 2022 and shall abolish Decision No. 59/QD-NHNN dated Janurary 18, 2012 of the SBV Governor announcing newly issued and replaced administrative procedures for the banking establishment and operations under the SBV’s jurisdiction.
LK