On March 01, 2023, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 258/QD-NHNN announcing a number of amendments and supplementations of the administrative procedures related to banks’ establishment and operations, which are performed at the Single Window under the SBV’s jurisdiction.
Specifically, the administrative procedures that have been amended and supplemented, which are performed at the SBV provincial and municipal branches, are: “The procedures for the issuance of a License for the Establishment and Operations of a People’s Credit Fund (PCF)”.
The above-mentioned amendments and supplementations are related to the administrative procedures in the area of banks’ establishment and operations, and are implemented in line with Circular No. 01/2023/TT-NHNN dated March 01, 2023 of the SBV Governor amending and supplementing a number of Articles of Circular No. 04/2015/TT-NHNN dated March 31, 2015 of the SBV Governor regulating the People’s Credit Funds.
Decision No. 258/QD-NHNN takes effect from March 01, 2023, and amends and supplements the administrative procedures under the following code: 2.000055, which were previously announced in Decision No. 2562/QD-NHNN dated December 11, 2019.
LK