On July 14, 2023, the State Bank of Vietnam (SBV) issued Decision No. 1367/QD-NHNN announcing a number of amendments and supplementations of the administrative procedures related to the banking establishment and operations, which are performed at the Single Window Service under the SBV’s jurisdiction.
Accordingly, the administrative procedures amended and supplemented are currently stipulated in Circular No. 05/2023/TT-NHNN dated June 22, 2023, and are performed at the Single Window Service under the SBV’s jurisdiction, specifically as follows:
The list of the administrative procedures performed at the SBV headquarters’ level are: the procedures for the issuance of the License for the establishment and operations of a limited liability non-bank credit institution; the procedures for the issuance of the License for the establishment and operations of a joint stock non-bank credit institution; the procedures for the approval of an additional operation/additional operations in the License of a non-bank credit institution; the procedures for requesting to add an operation/operations in the License and to re-issue the License of a non-bank credit institution; and the procedures for the re-issuance of the License for the establishment and operations of a non-bank credit institution.
The list of the administrative procedures performed at the SBV headquarters’ level and the SBV provincial/municipal branches’ level are: the procedures for reporting on the inauguration of a non-bank credit institution.
This Decision takes effect from August 6, 2023. This Decision shall amend and supplement the administrative procedures under the following codes: 2.000438, 2.000487 as announced in Decision No.658/QD-NHNN dated April 14, 2023; 2.000426, 1.000855 as announced in Decision No.1357/QD-NHNN dated March 1, 2019; 1.002152, 1.002173 as announced in Decision No. 110/QD-NHNN dated January 28. 2016.
Le Hang