Circular No. 25/2026/TT-NHNN amends certain articles of Circular No. 22/2019/TT-NHNN regarding limits and safety ratios in the operations of banks and branches of foreign banks. The main contents include setting the maximum ratio of short-term capital used for medium- and long-term loans at 40%, as well as adjusting items that are not included in the total balance of term deposits of the State Treasury.
Scope of application
Banks, branches of foreign banks
Key points
- Banks, branches of foreign banks → comply with the maximum ratio of short-term capital used for medium- and long-term loans being 40% (Article 1)
- Deposits from domestic and foreign organizations excluding pledged deposits, dedicated capital deposits, and demand deposits of the State Treasury (80% of the balance) (Article 2)
🌐 Social impact of this document
- Positive impact: Enhance operational safety for banks and branches of foreign banks through the control of the ratio of short-term capital usage.
- Negative impact: May cause difficulties in raising funds for medium- and long-term loans, affecting the ability to provide credit services by financial institutions.
❓ Frequently asked questions
What ratio must banks comply with when using short-term capital?
Banks and branches of foreign banks must comply with the maximum ratio of short-term capital used for medium- and long-term loans being 40% (Article 1).
Which deposits are not included in the total balance of term deposits of the State Treasury?
80% of the balance of term deposits of the State Treasury or another ratio determined by the Governor of the State Bank of Vietnam for each period (Article 2).
When does this circular take effect?
This circular takes effect from July 1, 2026 (Article 3).
Which circulars are abolished by this circular?
Circular No. 08/2020/TT-NHNN and Circular No. 08/2026/TT-NHNN (Article 3).
What responsibilities do the heads of units under the State Bank of Vietnam have?
Heads of units under the State Bank of Vietnam, banks, and branches of foreign banks are responsible for organizing the implementation of this circular (Article 4).
Full text
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STATE BANK OF VIETNAM VIET NAM |
SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness |
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Number: 25/2026/TT-NHNN |
Hanoi, June 22, 2026 |
CIRCULAR
Amending and supplementing certain articles of Circular No. 22/2019/TT-NHNN
stipulating limits and ratios to ensure safety in banking operations
of commercial banks and foreign bank branches
Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12;
Pursuant to the Law on Credit Institutions No. 32/2024/QH15 amended and supplemented by Law No. 96/2025/QH15;
Pursuant to Decree No. 26/2025/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 Safety System Department;
The Governor of the State Bank of Vietnam hereby promulgates this Circular amending and supplementing certain articles of Circular No. 22/2019/TT-NHNN stipulating limits and ratios to ensure safety in banking operations of commercial banks and foreign bank branches.
Article 1. Amend and supplement Clause 5 of Article 16 as follows:
“5. Commercial banks and foreign bank branches must comply with the maximum ratio of short-term capital used for medium- and long-term loans at 40%.”
Article 2. Amend and supplement Point a of Clause 4 of Article 20 as follows:
“a) Domestic and foreign organization deposits (including deposits from other credit institutions and foreign bank branches), except for the following items:
(i) Customer’s deposit guarantees and dedicated capital deposits;
(ii) Non-interest-bearing deposits of the State Treasury;
(iii) 80% of the balance of interest-bearing deposits of the State Treasury or another ratio determined by the Governor of the State Bank of Vietnam for each period.”.
Article 3. Effective Date
1. This Circular shall take effect from July 1, 2026.
2. This Circular abolishes:
a) Circular No. 08/2020/TT-NHNN amending and supplementing certain articles of Circular No. 22/2019/TT-NHNN dated November 15, 2019 of the Governor of the State Bank of Vietnam stipulating limits and ratios to ensure safety in banking operations of commercial banks and foreign bank branches;
b) Circular No. 08/2026/TT-NHNN amending and supplementing Point a of Clause 4 of Article 20 of Circular No. 22/2019/TT-NHNN stipulating limits and ratios to ensure safety in banking operations of commercial banks and foreign bank branches.
Article 4. Implementation
Heads of units under the State Bank of Vietnam, commercial banks, and foreign bank branches are responsible for implementing this Circular.
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DISTRIBUTION: - As per Article 4; - SBV Leadership Board; - Government Office; - Ministry of Justice (for verification); - Official Gazette; - SBV Electronic Portal; - File: VP, PC, ATHT3 (03). |
GOVERNOR
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