Circular No. 24/2025/TT-NHNN amending and supplementing certain articles of Circular No. 63/2024/TT-NHNN on the dossier and procedures for revoking licenses and liquidating assets of credit institutions and foreign bank branches; dossier and procedures for revoking representative offices' licenses in Vietnam of foreign credit institutions and other foreign organizations engaged in banking activities.

CIRCULAR

Amending and supplementing certain Articles of Circular No. 63/2024/TT-NHNN on

concerningdocuments and procedures for revoking the License and liquidating assets of credit institutions, branches of foreign banks; documents and procedures for revoking the License of representative offices in Vietnam of foreign credit institutions, other foreign organizations engaged in banking activities,

foreign bank branches; file and procedures for revoking the License

representative offices in Vietnam of foreign credit institutions,

other foreign organizations engaged in banking activities 

Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12;

Pursuant to Law on Credit Institutions No. 32/2024/QH15;

Decree No. 26/202Decision No. 5/2025/NĐ-CP of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Credit Institution System Safety Department;

The Governor of the State Bank of Vietnam issues this Circular amending and supplementing certain Articles of Circular No. 63/2024/TT-NHNN on documents and procedures for revoking the License and liquidating assets of credit institutions, branches of foreign banks; documents and procedures for revoking the License of representative offices in Vietnam of foreign credit institutions, other foreign organizations engaged in banking activities.

Article 1. Amending and supplementing certain Clauses of Article 3

1. Amending and supplementing Clause 3 as follows:

"3. The Branch of the State Bank is the State Bank Branch in the Region where the credit institution has its headquarters, the branch of the foreign bank, or the foreign representative office has its headquarters."

Article 4. Amending and supplementing Clause 1, Clause 2, and Clause 3 of Article 17 of Decree No. 81/2018/NĐ-CP which has been amended and supplemented by Clause 3 of Article 1 of Decree No. 128/2024/NĐ-CP

"5. The supervisory unit is the Credit Institution Supervision Department under the State Bank."

Article 2. Amending and supplementing certain Clauses of Article 6

Supplement Clause 6, Clause 7 as follows:

"6. When submitting documents online through the National Public Service Portal or the State Bank Public Service Portal (if available), electronic documents shall be signed with a digital signature in accordance with the laws on administrative procedures in the electronic environment.

In case the National Public Service Portal or the State Bank Public Service Portal encounters technical issues or errors preventing the receipt and exchange of electronic information, the declaration, submission, receipt, issuance of results, exchange, and feedback of information shall be conducted through postal services or directly at the One-Stop Service Unit of the State Bank or the State Bank Branch in the Region."

7. Documents in the electronic dossier are scanned copies from the original or the original (in PDF format)."

Article 3. Amending and supplementing Article 16

Amend and supplement Clause 3 as follows:

"3. Within 28 days from the date of receiving the document from the Liquidation Council or the Liquidation Oversight Team as stipulated in Clause 2 of this Article, the State Bank shall issue a document approving or disapproving the request for extending the liquidation period."

Article 4. Amending and supplementing Article 22

Amend and supplement Point a Clause 1 as follows:

"a) The foreign representative office shall prepare one set of documents and submit it online through the National Public Service Portal or the State Bank Public Service Portal (if available) or submit it directly at the One-Stop Service Unit or send it via postal service to the State Bank Branch in the Region. The dossier includes:

(i) A letter requesting to terminate operations, specifying the reasons for requesting to terminate operations, revoke the License of the foreign representative office, the storage of documents and records after revoking the License, the responsibilities of related organizations and individuals during the termination process and revocation of the License;

(ii) A document from the competent authority deciding to approve the termination of operations of the foreign representative office;"

Article 5. Responsibilities for Implementation

Heads of units under the State Bank of Vietnam, credit institutions, branches of foreign banks, representative offices in Vietnam of foreign credit institutions, other foreign organizations engaged in banking activities are responsible for implementing this Circular.

Article 6. Implementation Provisions

This Circular takes effect from October 15, 2025./.