Circular No. 07/2026/TT-NHNN Amending and Supplementing Certain Provisions of Circular No. 17/2016/TT-NHNN on the Activities of Currency Brokering by Commercial Banks and Foreign Branches of Banks

REGULATING FOREIGN EXCHANGE MEDIATION ACTIVITIES OF COMMERCIAL BANKS AND BRANCHES OF FOREIGN Banks

BASED ON THE VIETNAM STATE BANK LAW No. 46/2010/QH12;

BASED ON THE CREDIT INSTITUTIONS LAW No. 32/2024/QH15;

BASED ON DECREE NO. 26/2025/NĐ-CP REGULATING THE FUNCTION, MISSION, POWERS, AND ORGANIZATIONAL STRUCTURE OF THE VIETNAM STATE BANK;

IN ACCORDANCE WITH THE PROPOSAL OF THE DIRECTOR OF THE MONETARY POLICY DEPARTMENT;

THE GOVERNOR OF THE VIETNAM STATE BANK ISSUES THIS CIRCULAR AMENDING AND SUPPLEMENTING SOME ARTICLES OF CIRCULAR NO. 17/2016/TT-NHNN REGULATING FOREIGN EXCHANGE MEDIATION ACTIVITIES OF COMMERCIAL Banks AND BRANCHES OF FOREIGN Banks:

Article 1. Amend and Supplement Clause 1 of Article 4

"1. Commercial banks, branches of foreign banks shall issue internal regulations concerning foreign exchange mediation activities that are in accordance with the provisions of this Circular and relevant legal provisions, which must include at least the following contents: procedures and processes for conducting foreign exchange mediation; scope of responsibilities and authority of persons involved in foreign exchange mediation activities; risk management related to foreign exchange mediation activities.

Within ten days from the date of issuance, commercial banks, branches of foreign banks shall directly or by post submit their internal regulations concerning foreign exchange mediation activities that have been issued, amended, or replaced to the Vietnam State Bank (Department of Supervision and Management of Credit Institutions or Regional Branch of the Vietnam State Bank)."

Article 2. Amend and Supplement Article 11

"Article 11. Implementation
1. The People's Bank of Vietnam, Department of Supervision and Management of Credit Institutions, and Regional Branches of the Vietnam State Bank shall be responsible for supervising, inspecting, and auditing the implementation of this Circular and handling cases of violation in accordance with their authority.

2. Heads of units under the Vietnam State Bank, credit institutions, and branches of foreign banks are responsible for implementing this Circular."

Article 3. Implementation
Heads of units under the Vietnam State Bank, credit institutions, and branches of foreign banks shall be responsible for implementing this Circular.
Article 4. Effective Date

This Circular takes effect from June 20, 2026.

This Circular takes effect from June 20, 2026.

GOVERNOR

FOR THE RECORD:

- As per Article 3;

- Board of Directors of the State Bank of Vietnam;

- Office of the Prime Minister;

- Ministry of Justice (for review);

- Gazette;

- Government Portal;

- Vietnam State Bank Portal;

- Retained: VP, PC, CSTT.

- Government Electronic Information Portal;

- Central Bank of Vietnam Electronic Information Portal;

- File: VP, PC, Department of State Affairs and Legal Affairs.