Press Release on issuance of Circular No.16/2025/TT-NHNN
Hanoi, July 11, 2025. The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 16/2025/TT-NHNN amending and supplementing a number of Articles of Circular No. 04/2021/TT-NHNN dated April 5, 2021 of the SBV Governor stipulating the refinancing for the credit institutions after those institutions have provided loans to Vietnam Airlines JSC, and the rescheduling of debt payments, maintaining the debt classification, and the risk provisioning regarding the debts of Vietnam Airlines JSC under the impacts of the COVID-19 pandemic.
The new Circular is composed of 4 Articles, specifically as follows:
- Article 1: Amending and supplementing a number of Articles of Circular No. 04/2021/TT-NHNN dated April 5, 2021 stipulating the rescheduling of the debt payments, the debt classification, and the risk provisioning; the responsibilities of a number of SBV entities after the organizational restructuring.
- Article 2: Supplementing, replacing and abolishing some phrases as written in Circular No. 04/2021/TT-NHNN.
- Article 3: Implementation arrangements.
- Article 4: Entry into force
Circular No. 16/2025/TT-NHNN enters into force on July 11, 2025.
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