Circular No. 15/2020/TT-NHNN amending and supplementing certain articles of Circular No. 26/2013/TT-NHNN dated December 5, 2013 of the State Bank of Vietnam on the Service Fee Schedule for Payment Transactions through the State Bank of Vietnam.

CIRCULAR

Amending and supplementing certain Articles of Circular No. 26/2013/TT-NHNN dated December 5, 2013, issued by the State Bank of VietnamService Fee Schedule for Payment Transactions through the State Bank of Vietnam

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on Credit Institutions dated June 16, 2010; the Law Amending and Supplementing Certain Articles of the Law on Credit Institutions dated November 20, 2017;

Pursuant to Decree No. 101/2012/ND-CP dated November 22, 2012 of the Government on non-cash payment; Decree No. 80/2016/ND-CP dated July 1, 2016 of the Government amending and supplementing certain articles of Decree No. 101/2012/ND-CP dated November 22, 2012 of the Government on non-cash payment;

Pursuant to Government Decree No. 16/2017/NĐ-CP dated February 17, 2017 on the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

At the proposal of the Payment Department Director;

The Governor of the State Bank of Vietnam promulgates this Circular amending and supplementing certain articles of Circular No. 26/2013/TT-NHNN dated December 5, 2013, issued by the State Bank of Vietnam on the Service Fee Schedule for Payment Transactions through the State Bank of Vietnam (hereinafter referred to as Circular No. 26/2013/TT-NHNN).

Article 1. Amending and supplementing certain articles of Circular No. 26/2013/TT-NHNN as follows:

1. Supplementing Clause 1b as follows:

"Clause 1b. Maintenance fee for foreign currency deposit balance

1. The State Bank shall collect maintenance fees for foreign currency deposit balances on settlement accounts of the State Treasury, credit organizations, and overseas branches of banks at the State Bank's Trading Department. The maintenance fee for foreign currency deposit balances shall be calculated based on the actual balance, the number of days maintaining the balance, and the rate of fee expressed as a percentage per annum. The level of the fee shall be decided by the Governor of the State Bank during each period.

2. The collection of maintenance fees for foreign currency deposit balances shall be carried out as follows:

a) Monthly, the State Bank's Trading Department shall calculate and collect maintenance fees for foreign currency deposit balances on settlement accounts of the State Treasury, credit organizations, and overseas branches of banks according to the provisions of point b of this clause.

b) The amount of fee due in a month shall be calculated using the following formula:

- The total amount of fee due in a month equals the sum of the amounts of fee due each day in that month.

- The amount of fee due each day shall be calculated using the following formula:

Where: (i) Actual balance is the opening balance on the foreign currency settlement account of the State Treasury, credit organizations, and overseas branches of banks at the State Bank's Trading Department on the day of calculation in the month being charged; (ii) The maintenance fee rate for foreign currency deposit balances as decided by the Governor of the State Bank during each period."

2. Amending and supplementing Article 2 as follows:

"Article 2. Monthly, the State Bank's provincial and municipal branch, and the State Bank's Trading Department shall use the forms in Annexes 01 to 07 and Annexes 09, 10, 11 accompanying this Circular to calculate, collect service fees for payment transactions, and compile data on collected service fees according to the forms in Annexes 08 and 12 accompanying this Circular.

For the maintenance fee for foreign currency deposit balances stipulated in Clause 1b of this Circular and international payment service fees specified in Part IV of the Service Fee Schedule for Payment Transactions through the State Bank of Vietnam accompanying this Circular, in cases where the balance on the foreign currency settlement account of the payer at the State Bank is insufficient to debit the account and collect the fee, the State Bank's Trading Department shall convert the amount of fee due into Vietnamese Dong (VND) based on the accounting exchange rate of the State Bank's Trading Department on the date of collecting the fee, then debit the VND settlement account of the payer to collect the fee."

3. Part IV "International Payment Service Fees" in the Service Fee Schedule for Payment Transactions through the State Bank of Vietnam accompanying Circular No. 26/2013/TT-NHNN shall be amended and supplemented as follows:

IV. International Payment Service Fees:

Article 2.

EUR per transaction; Maximum

1. Replacing Annex 08 issued with Circular No. 33/2018/TT-NHNN dated December 21, 2018, of the State Bank amending and supplementing certain articles of Circular No. 26/2013/TT-NHNN with Annex 08 issued with this Circular. Article 2.

This Circular takes effect from December 25, 2025/.

2. Supplementing Annexes 09, 10, 11, 12 issued with this Circular.

1. The Payment Department shall submit to the Governor of the State Bank for issuance of a Decision on the level of maintenance fees for foreign currency deposit balances on settlement accounts at the State Bank.

2. The State Bank's Trading Department shall coordinate with the Monetary Policy Department and relevant units to study and propose the level of maintenance fees for foreign currency deposit balances to be submitted to the Payment Department as the basis for submission to the Governor of the State Bank for issuance of a Decision on the level of maintenance fees for foreign currency deposit balances on settlement accounts at the State Bank.

3. The Information Technology Department shall develop software programs for calculating and collecting maintenance fees for foreign currency deposit balances and international payment service fees of the State Bank's provincial and municipal branch and the State Bank's Trading Department in accordance with the provisions of this Circular.

5. The Director of the Office, the Heads of the Payment Department, the Monetary Policy Department, the Trading Department, the Information Technology Department, the Heads of units under the State Bank; the Directors of the State Bank branches in provinces and centrally governed cities; credit organizations, foreign bank branches, the National Treasury, and other entities using payment services through the State Bank of Vietnam shall be responsible for organizing and implementing this Circular.

Article 4. Implementation provisions

1. Repeal Clause 1 of Article 1 of Circular No. 33/2018/TT-NHNN dated December 21, 2018 of the State Bank of Vietnam amending and supplementing certain articles of Circular No. 26/2013/TT-NHNN.

2. This Circular takes effect from February 1, 2021.