Circular No. 19/2026/TT-NHNN on Delegation of Authority in the Implementation of Administrative Procedures as Provided for in Decree No. 94/2025/NĐ-CP of the Government on the Controlled Experiment Mechanism in the Banking Sector

CIRCULAR

Regulations on delegation of authority in the implementation of administrative procedures as stipulated in Decree No. 94/2025/NĐ-CP of the Government on the Controlled Experiment Mechanism in the Banking Sector

Based on the Law on Vietnam National Bank No. 46/2010/QH12;

Based on the Law on Organization of the Government No. 63/2025/QH15;

Based on the Law on Credit Institutions No. 32/2024/QH15, amended and supplemented by Law No. 96/2025/QH15;

Based on the Enterprise Law No. 59/2020/QH14, amended and supplemented by Law No. 76/2025/QH15;

Based on Decree No. 26/2025/NĐ-CP of the Government on the functions, tasks, powers, and organizational structure of the Vietnam National Bank;

Based on Decree No. 94/2025/NĐ-CP of the Government on the Controlled Experiment Mechanism in the Banking Sector;

In accordance with the proposal by the Director of the Payment Department;

The Governor of the Vietnam National Bank promulgates this Circular to regulate delegation of authority for the implementation of administrative procedures concerning credit scoring solutions and data sharing through open application programming interface (Open API) as stipulated in Decree No. 94/2025/NĐ-CP of the Government on the Controlled Experiment Mechanism in the Banking Sector.

Article 1. Scope of Application

This Circular regulates delegation of authority to subordinate units of the Vietnam National Bank (hereinafter referred to as the "Bank") for administrative procedures related to credit scoring solutions and data sharing through open application programming interface (Open API) as stipulated in Decree No. 94/2025/NĐ-CP of the Government on the Controlled Experiment Mechanism in the Banking Sector.

Article 2. Applicability

1. Subordinate units of the Bank.

2. Organizations and individuals requiring administrative procedures.

Article 3. Delegation Content

1. Delegation to the Regional Branches of the Bank for implementation of administrative procedures concerning organizations with their principal office located within the region as follows:

a) Approve or reject registration applications for participating in the Controlled Experiment Mechanism for credit scoring solutions and data sharing through open application programming interface (Open API) as provided under Article 10 of Decree No. 94/2025/NĐ-CP;

b) Approve or reject requests to amend experimental solutions for credit scoring solutions and data sharing through open application programming interface (Open API) as provided under Article 17 of Decree No. 94/2025/NĐ-CP;

c) Decide on the cessation of experimentation and recovery of the Certificate of Participation in the Controlled Experiment Mechanism for credit scoring solutions and data sharing through open application programming interface (Open API) as provided under paragraph 1, points b and c of Article 19 of Decree No. 94/2025/NĐ-CP;

d) Approve or reject requests to extend the experimentation period for credit scoring solutions and data sharing through open application programming interface (Open API) as provided under Article 20 of Decree No. 94/2025/NĐ-CP;

d) Approve or reject applications for issuance of a Certificate of Completion of Experimentation for credit scoring solutions and data sharing through open application programming interface (Open API) as provided under Article 21 of Decree No. 94/2025/NĐ-CP.

2. Regional Branches of the Bank shall be responsible before the law, before the Governor of the Vietnam National Bank for the results of implementing delegated tasks and powers, regularly report on the implementation of delegated tasks and powers in the Bank's regional branch performance report according to the Bank's work regulations and shall not delegate further tasks and powers that have been delegated.

Article 4. Entry into Force

This Circular shall enter into force as of June 30, 2026.

Article 5. Transitional Provisions

Applications for registration to participate in the Testing Mechanism that have been received by the State Bank prior to the entry into force of this Circular shall continue to be processed in accordance with the documents and regulations effective at the time of receipt.

Article 6. Implementation

Heads of relevant units under the State Bank, as well as relevant organizations and individuals, shall be responsible for organizing the implementation of this Circular.