Circular No. 32/2025/TT-NHNN guiding the procedures and formalities for drafting and promulgating regulatory legal documents of the State Bank of Vietnam

CIRCULAR

Guidelines on the procedures and formalities for drafting and promulgating regulatory legal documents of the State Bank of Vietnam

The State Governor of the State Bank of Vietnam issues this Circular to guide the procedures and formalities for drafting and promulgating regulatory legal documents of the State Bank of Vietnam 

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

Pursuant to the Law Bon the promulgation of regulatory legal documents No. 64/2025/QH15 amended and supplemented by Law No. 87/2025/QH15;

Decree No. 78/2025/NĐ-CP of the Government detailing certain provisions and measures to organize and guide the implementation of the Law on the promulgation of regulatory legal documents amended and supplemented by The Minister of Culture, Sports and Tourism issues this Circular

Decree No. 26/2025At the proposal of the Foreign Exchange Management Department;

At the proposal of the Director of the Legal Department;

The Governor of the State Bank of Vietnam issues this Circular to guide the procedures and formalities for drafting and promulgating regulatory legal documents of the State Bank of Vietnam.

PART I

GENERAL PROVISIONS

Article 1. Scope of Regulation

Article 1. This Circular guides the procedures and formalities for drafting and promulgating regulatory legal documents in the fields of currency, banking operations, and foreign exchange issued by the State Bank of Vietnam (hereinafter referred to as the State Bank) or submitted to competent authorities for issuance.

Article 2. Regulatory legal documents specified in this Circular include:

a) Laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly;

b) Decrees, resolutions of the Government, decisions of the Prime Minister;

c) Circulars.

Article 3. Procedures and formalities for drafting and promulgating joint circulars between the Governor of the State Bank of Vietnam (hereinafter referred to as the Governor) and the Chief Justice of the Supreme People's Court, the Procurator General of the Supreme People's Procuracy, and the Auditor General shall be carried out in accordance with the Law on the promulgation of regulatory legal documents No. 64/2025/QH15 amended and supplemented by Law No. 87/2025/QH15 (hereinafter referred to as Law No. 64/2025/QH15), Decree No. 78/2025/NĐ-CP of the Government detailing certain provisions and measures to organize and guide the implementation of the Law on the promulgation of regulatory legal documents amended and supplemented by Decree No. 187/2025/NĐ-CP (hereinafter referred to as Decree No. 78/2025/NĐ-CP).

Article 4. In cases where regulatory legal documents contain provisions on administrative procedures, the solicitation of opinions on such administrative procedure provisions and other matters concerning administrative procedure control shall be implemented in accordance with the laws on administrative procedure control.

Article 2. Applicability

This Circular applies to units under the State Bank and organizations and individuals related to the process of drafting and promulgating regulatory legal documents on currency, banking operations, and foreign exchange.

Article 3. Leadership and guidance on the work of drafting and promulgating regulatory legal documents

Clause 1. The Governor is responsible for overall leadership and guidance to ensure the quality and deadlines for drafting and promulgating regulatory legal documents as prescribed.

Clause 2. Deputy Governors directly lead units assigned to be responsible for drafting and promulgating regulatory legal documents according to the division of labor by the Governor (hereinafter referred to as Deputy Governors in charge); they direct and urge the main drafting units regarding progress, content, and resolution of complex issues and differing opinions on draft regulatory legal documents, and are accountable to the Governor for ensuring the progress and quality of drafting regulatory legal documents in their assigned areas.

Clause 3. Heads of units under the State Bank have the responsibility to strictly guide civil servants in their units to comply with regulations on the work of drafting and promulgating regulatory legal documents.

Clause 4. Main drafting units have the responsibility to seek opinions from the Standing Party Committee of the State Bank, the Bank's Leadership Board during the drafting of regulatory legal documents:

Point a) From the Standing Party Committee of the State Bank: seek opinions on major policies and principles of the regulatory legal documents;

Point b) From the Bank's Leadership Board: seek opinions on draft regulatory legal documents as stipulated in Point a and b, Clause 2, Article 1 of this Circular that the State Bank is tasked to draft; important contents or the entire content of the draft Circular as proposed by the main drafting unit, Deputy Governors in charge, and approved by the Governor or directed by the Governor;

Point c) The process of seeking opinions from the Standing Party Committee of the State Bank, the Bank's Leadership Board shall be carried out in accordance with the working regulations of the Party Committee of the State Bank, and the working regulations of the State Bank.

Article 4. Allocation of Units to Draft Regulatory Legal Documents

1. The Legal Department shall be the leading unit, coordinating with units under the State Bank to assist the Governor in organizing and building draft laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly that are primarily drafted by the State Bank, except where the Governor assigns another unit to lead the drafting process.

2. Based on the functions and tasks of the units, the scope of regulation, and the complexity of the document, the Governor shall allocate the leading unit for drafting decrees, resolutions of the Government, decisions of the Prime Minister that are primarily drafted by the State Bank, and circulars of the State Bank.

Article 5. Language, Format, and Presentation Techniques of Regulatory Legal Documents

The language, format, and presentation techniques of regulatory legal documents shall be implemented according to the provisions set forth in Chapter V and Appendix I issued together with Decree No. 78/2025/NĐ-CP.

Article 6. Construction and Issuance of Regulatory Legal Documents According to Simplified Procedures in Special Cases

1. The construction and issuance of regulatory legal documents shall be carried out according to simplified procedures as stipulated in Article 50 and Article 51 of Law No. 64/2025/QH15, Clause 1 of Article 35, Clause 5 of Article 38, and Clause 4 of Article 41 of Decree No. 78/2025/NĐ-CP.

2. The construction and issuance of regulatory legal documents in special cases shall be carried out according to Article 52 of Law No. 64/2025/QH15, Clauses 2, 3, 4, and 5 of Article 35 of Decree No. 78/2025/NĐ-CP.

Article 7. Guidance on the Application of Regulatory Legal Documents

1. Guidance on the application of regulatory legal documents shall be conducted for those documents specified in Article 61 of Law No. 64/2025/QH15.

2. The leading unit responsible for drafting regulatory legal documents shall have the responsibility to receive, review the content of proposals and suggestions from agencies, organizations, and individuals regarding guidance on applying circulars issued by the Governor of the State Bank. In necessary cases, the leading unit shall submit to the Governor for consideration and approval of an administrative document to provide guidance on applying regulatory legal documents and publish it on the State Bank's electronic information portal.

Article 8. Drafting Regulatory Legal Documents Proposing Amendments and Supplements to Industries and Trades with Conditions or Investment Conditions

In addition to the contents prescribed in Chapters II and III of this Circular, the drafting of regulatory legal documents proposing amendments and supplements to industries and trades with conditions or investment conditions must also comply with the legal provisions on investment.

Chapter II

CONSTRUCTION OF LAWS, RESOLUTIONS OF THE NATIONAL ASSEMBLY, ORDINANCES, AND RESOLUTIONS OF THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY

RESOLUTION OF THE STANDING COMMITTEE OF THE NATIONAL ASSEMBLY

Article 9. Preparation of Legislative Orientation Proposals for the Term of the National Assembly

1. On the basis of the proposal of the Ministry of Justice, the Legal Department shall request units under the State Bank to review, study, and propose legislative tasks for the term of the National Assembly, and submit the legislative orientation proposal document for approval by the Deputy Governor in charge according to Clause 1 of Article 10 of Decree No. 78/2025/NĐ-CP, and send it to the Legal Department.

2. The Legal Department shall be responsible for consolidating the proposals of the units as stipulated in Clause 1 of this Article to report to the Governor for comments from the Standing Party Committee of the State Bank, and the State Bank Leadership before sending the legislative orientation proposal document to the Ministry of Justice for consolidation.

3. In case new legislative tasks arise, the unit shall submit the legislative orientation proposal document for approval by the Deputy Governor in charge, report to the Governor for comments from the Standing Party Committee of the State Bank, and the State Bank Leadership before sending it to the Legal Department for consolidation and submission to the Ministry of Justice.

Article 10. Proposing the Annual Legislative Program of the National Assembly

1. Before May 1st each year, based on the Legislative Orientation of the National Assembly's term or the need to address issues arising from practice, the unit proposing the report shall submit it for approval by the Deputy Governor responsible in accordance with Clause 1, Article 12 of Decree No. 78/2025/NĐ-CP and send it to the Legal Department for consolidation.

The Legal Department is responsible for consolidating the proposals from units to report to the Governor for comments from the Standing Committee of the Party Central Committee of the State Bank and the Leadership Board of the State Bank before sending to the Ministry of Justice before June 1st each year for consolidation.

2. In cases where it is necessary to adjust the Annual Legislative Program of the National Assembly, the unit proposing the adjustment shall prepare a draft proposal in accordance with Clause 2, Article 24 of Law No. 64/2025/QH15 for approval by the Deputy Governor responsible and report to the Governor for comments from the Standing Committee of the Party Central Committee of the State Bank and the Leadership Board of the State Bank before submitting to the Legal Department for comments from the Ministry of Justice regarding the content of the proposed adjustment.

Based on the comments of the Ministry of Justice, the unit proposing the adjustment shall be responsible for incorporating, revising, and perfecting the draft proposal for adjustment, reporting to the Deputy Governor responsible for approval of the content and submitting to the Legal Department for consolidation to report to the Governor for deciding to submit to the Government the proposed adjustment.

Article 11. Building Policies and Submitting to the Government for Approval

1. The leading unit drafting policies for normative legal documents specified in Clause 1, Article 27 of Law No. 64/2025/QH15 shall be responsible for implementing the following contents:

a) Determining policies in accordance with Article 28 of Law No. 64/2025/QH15 and developing a detailed plan for building policies before submitting to the Deputy Governor responsible for review;

b) After the Deputy Governor responsible approves the policy content, the leading unit drafting shall submit to the Governor for permission to seek opinions from the Standing Committee of the Party Central Committee of the State Bank and the Leadership Board of the State Bank on the policy direction or new policy supplementation as stipulated in Clause 4, Article 3 of this Circular.

2. Based on the provisions of Clause 1 of this Article, the leading unit drafting shall be responsible for implementing the following contents:

a) Organizing a policy impact assessment in accordance with Article 29 of Law No. 64/2025/QH15 and Article 14 of Decree No. 78/2025/NĐ-CP;

b) Preparing a policy dossier in accordance with Clause 2, Article 30 of Law No. 64/2025/QH15;

c) Organizing the solicitation of opinions on the policy dossier in accordance with Point a, Clause 1, Article 30 of Law No. 64/2025/QH15 and Clause 2, Article 15 of Decree No. 78/2025/NĐ-CP;

d) Organizing a policy consultation conference in accordance with Point b, Clause 1, Article 30 of Law No. 64/2025/QH15 and Clause 1, Article 15 of Decree No. 78/2025/NĐ-CP;

đ) Preparing a summary of opinions, incorporation, and explanation of feedback from organizations and individuals;

e) Publishing the summary of opinions, incorporation, and explanation of feedback from ministries, agencies at the same level as ministries, credit institutions, and other related organizations and individuals (if any) on the State Bank’s Electronic Information Portal in accordance with Clause 5, Article 2 of Decree No. 78/2025/NĐ-CP;

g) Leading and coordinating with the Office and other relevant agencies and organizations to communicate the policy from the time of soliciting opinions until submission to the Government for approval. The content and form of communication are carried out in accordance with Article 3 of Decree No. 78/2025/NĐ-CP.

3. The leading unit drafting shall report to the Deputy Governor responsible for approval of the policy dossier in accordance with Clause 2, Article 31 of Law No. 64/2025/QH15 and Clause 1, Article 16 of Decree No. 78/2025/NĐ-CP and report to the Governor to submit the policy dossier to the Ministry of Justice for examination.

4. If the examination opinion is that the policy dossier meets the conditions for submission to the Government, the leading unit drafting shall submit to the Deputy Governor responsible and report to the Governor for consideration and decision on submitting to the Government.

5. If the examination opinion is that the policy dossier does not meet the conditions for submission to the Government, the leading unit drafting shall be responsible for revising and perfecting the policy dossier, submitting to the Deputy Governor responsible and reporting to the Governor to resubmit the policy dossier to the Ministry of Justice for re-examination. During the process of perfecting the policy dossier, if there are significant changes, omissions, or additions to the new policy compared to the dossier submitted for examination, the leading unit drafting shall report to the Deputy Governor responsible for consideration and decision on those changes, omissions, and additions and report to the Governor for permission to seek opinions from the Standing Committee of the Party Central Committee of the State Bank and the Leadership Board of the State Bank.

6. During the period when the Government is considering and making decisions to approve the policy, the leading unit drafting shall be responsible for coordinating with relevant units of the Government Office, the Ministry of Justice, and related ministries and agencies to incorporate and revise the policy dossier according to the directives of the competent authority, submitting to the Deputy Governor responsible for approval of the revised dossier and reporting to the Governor for resubmission to the Government.

If the incorporation and revision of the policy dossier result in significant changes to the content of the policy already submitted, omissions, or additions to the new policy compared to the submitted dossier, the leading unit drafting shall be responsible for supplementarily evaluating the changed, omitted, or added new content, submitting to the Deputy Governor responsible for consideration and decision and reporting to the Governor for permission to seek opinions from the Standing Committee of the Party Central Committee of the State Bank and the Leadership Board of the State Bank before resubmitting to the Government.

7. When the Government makes a decision to approve the policy dossier, the leading unit drafting shall be responsible for revising the policy dossier according to the Government's decision, reporting to the Governor for review and approval as the basis for assigning the leading unit drafting to implement the procedure for drafting normative legal documents to codify the policy.

8. In cases where laws, resolutions of the National Assembly, ordinances, or resolutions of the Standing Committee of the National Assembly are not led by the Legal Department, the leading unit drafting shall submit the policy dossier to the Legal Department for coordination.

Article 12. Drafting, submitting for review and presenting to the Government for consideration and decision on the project of laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly

1. Based on the resolution of the Government approving the policy, the leading unit responsible for drafting shall develop a detailed drafting plan report for examination and approval by the Deputy Governor in charge.

2. On the basis of the detailed drafting plan that has been approved, the leading unit responsible for drafting shall be responsible for implementing the following contents:

a) Organizing the drafting process. In case necessary, the leading unit responsible for drafting shall propose and submit to the Governor for signing and issuing a Decision to establish the Drafting Team in accordance with point a, Clause 1, Article 18 of Decree No. 78/2025/NĐ-CP;

b) Preparing the dossier for the draft of laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly (hereinafter referred to as the draft dossier) in accordance with Clause 4, Article 33 of Law No. 64/2025/QH15, wherein, the draft proposal must clearly state the contents prescribed in Article 6 of Decree No. 78/2025/NĐ-CP. The leading unit responsible for drafting shall submit the draft dossier for approval of its content by the Deputy Governor in charge and request the Governor's permission to seek opinions from the Party Central Committee's Standing Committee of the State Bank of Vietnam, the State Bank of Vietnam's Leadership Board through the draft dossier;

c) Organizing the solicitation of opinions on the dossier as stipulated in point a, Clause 3, Article 33 of Law No. 64/2025/QH15 and point c, Clause 1, Article 18 of Decree No. 78/2025/NĐ-CP. For documents that have been approved according to the policy as prescribed in Article 11 of this Circular, it is not mandatory to solicit opinions;

d) Soliciting social feedback from the Vietnam Fatherland Front in accordance with point b, Clause 3, Article 33 of Law No. 64/2025/QH15;

đ) Posting the draft dossier on the State Bank of Vietnam's Electronic Information Portal and the National Legal Portal (through the Legal Department) for at least 20 days for agencies, organizations, and individuals to participate in providing comments, except in cases where international treaties to which the Socialist Republic of Vietnam is a member prescribe otherwise;

e) Compiling a comprehensive summary of comments, incorporating and explaining all submitted comments and social feedback. Posting the summary of comments, incorporation, and explanation of comments from ministries, ministerial-level agencies, credit institutions, and other related organizations and individuals (if any) on the State Bank of Vietnam's Electronic Information Portal in accordance with Clause 5, Article 2 of Decree No. 78/2025/NĐ-CP, except in cases of simplified posting procedures;

g) Leading and coordinating with the Office and other relevant agencies and organizations to communicate the draft of laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly from the time of soliciting opinions until the National Assembly and the Standing Committee of the National Assembly approve the draft dossier. The content and form of communication are carried out in accordance with Article 3 of Decree No. 78/2025/NĐ-CP;

3. In case new policies arise during the drafting process, the leading unit responsible for drafting shall implement in accordance with Article 11 of this Circular;

4. The leading unit responsible for drafting shall submit the draft dossier for approval by the Deputy Governor in charge in accordance with Clause 2, Article 34 of Law No. 64/2025/QH15 and Clause 1, Article 19 of Decree No. 78/2025/NĐ-CP and report to the Governor to send the dossier to the Ministry of Justice for review;

5. In case the review opinion meets the conditions for submission to the Government, the leading unit responsible for drafting shall be responsible for studying, incorporating, and explaining the review opinion, revising, and perfecting the draft dossier, submitting it for approval by the Deputy Governor in charge and reporting to the Governor for submission to the Government, while sending it to the Ministry of Justice in accordance with regulations;

In case the review opinion does not meet the conditions for submission to the Government, the leading unit responsible for drafting shall be responsible for revising and perfecting the draft dossier, reporting for approval by the Deputy Governor in charge and reporting to the Governor to send a document to the Ministry of Justice for re-review. During the process of perfecting the draft dossier, if there are changes, deletions, or new additions compared to the dossier that was previously submitted for review, the leading unit shall report to the Governor for permission to seek opinions from the Party Central Committee's Standing Committee of the State Bank of Vietnam, the State Bank of Vietnam's Leadership Board through the changed, deleted, or newly added draft dossier;

6. During the period when the Government is considering and deciding to approve the draft of laws, ordinances, and resolutions, the leading unit responsible for drafting shall be responsible for coordinating with units under the Office of the Government, the Ministry of Justice, and relevant ministries and ministerial-level agencies to incorporate and revise the draft dossier according to the directives of the competent authority, reporting for approval by the Deputy Governor in charge. In case the incorporation and revision result in significant changes, deletions, or new additions compared to the originally submitted dossier, the leading unit responsible for drafting shall be responsible for supplementing the evaluation of these changes, deletions, and new additions, submitting them for approval by the Deputy Governor in charge and reporting to the Governor for permission to seek opinions from the Party Central Committee's Standing Committee of the State Bank of Vietnam, the State Bank of Vietnam's Leadership Board through the changed, deleted, or newly added draft dossier;

The leading unit responsible for drafting shall complete the draft dossier, submit it for approval by the Deputy Governor in charge and report to the Governor for submission to the Government, while sending it to the Ministry of Justice in accordance with Clause 2, Article 20 of Decree No. 78/2025/NĐ-CP;

7. In case the draft dossier is not led by the Legal Department, the leading unit responsible for drafting shall submit the draft dossier to the Legal Department for coordination.

Article 13. Submitting laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly to the National Assembly for approval

1. When the Government decides to submit the draft project file, the main drafting unit shall be responsible for preparing the draft project file in accordance with Clause 3, Article 37 of Law No. 64/2025/QH15, to be approved by the Deputy Governor in charge and reported to the Governor for submission to the competent agency for review as assigned by the National Assembly or the Standing Committee of the National Assembly.

2. Upon receiving an invitation to participate in a review session convened by the reviewing agency of the National Assembly or the Standing Committee of the National Assembly, the main drafting unit shall prepare meeting materials to be approved by the Deputy Governor in charge and presented to the Governor for participation in the review session.

3. In cases where the Standing Committee of the National Assembly returns the draft project file due to insufficient conditions for submission as stipulated in Point b, Clause 6, Article 37 of Law No. 64/2025/QH15, the main drafting unit shall present the matter to the Deputy Governor in charge for consideration and decision on explaining, adopting, and perfecting the draft project file for resubmission or postponing the submission time to the National Assembly, and report to the Governor for submission to the Government. The Prime Minister.

4. In cases where the draft project files of laws and resolutions of the National Assembly have not been agreed upon by the Standing Committee of the National Assembly or the draft contains important and complex contents requiring additional time for study, adoption, and revision as stipulated in Clause 5, Article 38, and Point d, Clause 7, Article 40 of Law No. 64/2025/QH15, the main drafting unit shall present the matter to the Deputy Governor in charge for consideration and decision on submitting to the Government. The Prime Minister shall postpone the submission time to the National Assembly or resubmit and report to the Governor for submission to the Government, the Prime Minister.

5. In cases where the draft project file is not primarily drafted by the Legal Affairs Department, the main drafting unit shall send the draft project file to the Legal Affairs Department for coordination.

Chapter III

BUILDING LEGAL REGULATORY DOCUMENTS OF THE GOVERNMENT AND THE PRIME MINISTER

DECREE ISSUED BY THE GOVERNMENT, THE PRIME MINISTER

Article 14. Detailed regulatory documents for laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly

1. For detailed regulatory documents for laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly (hereinafter referred to as detailed regulatory documents) primarily drafted by the State Bank, within ten days from the date of approval of the laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly:

a) The Legal Affairs Department shall be responsible for conducting a review and compiling a list of detailed regulatory documents in accordance with Points a and b, Clause 2, Article 23 of Decree No. 78/2025/NĐ-CP, including the proposed assignment of the main drafting unit and sending it for comments from relevant units under the State Bank;

b) Units requested for comments shall be responsible for providing written responses within a maximum of three days from the date of receipt of the request for comments;

c) The Legal Affairs Department shall study, adopt, and perfect the list of detailed regulatory documents to be signed by the Governor and sent to the Ministry of Justice.

2. For detailed regulatory documents for laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly not primarily drafted by the State Bank: In cases where the Government's or the Prime Minister's decision on the list of detailed regulatory documents assigns the State Bank to primarily draft the detailed regulatory documents, the Governor shall assign the main drafting unit for these detailed regulatory documents.

3. The Legal Affairs Department shall be responsible for monitoring, urging, and updating electronic information or sending information about the progress of building detailed regulatory documents to the Ministry of Justice before the 25th of each month or as requested by the Ministry of Justice.

Article 15. Registration for drafting decrees, resolutions of the Government, decisions of the Prime Minister

1. The unit responsible for registering to draft decrees, resolutions of the Government, decisions of the Prime Minister as stipulated in Clause 1, Article 26 of Decree No. 78/2025/NĐ-CP shall be responsible for implementing the following contents:

a) Reviewing the basis for registering to draft decrees, resolutions of the Government, decisions of the Prime Minister in accordance with Clause 2, Article 26 of Decree No. 78/2025/NĐ-CP;

b) Based on the review report at point a of this clause, the unit preparing the registration of normative legal documents shall be responsible for submitting to the Governor (or Deputy Governor in charge) to send the registration document for drafting decrees, resolutions of the Government, decisions of the Prime Minister along with the review report to the Office of the Government for registration in the Government's Work Program, Prime Minister's Work Program in accordance with the Government's Working Regulations.

2. In cases where the Government, Prime Minister directs the issuance of decrees, resolutions of the Government, decisions of the Prime Minister, there is no need to carry out the registration process.

Article 16. Procedure for drafting decrees of the Government

1. The leading unit responsible for drafting shall be responsible for reporting to the Governor (or Deputy Governor in charge) for examination and approval of the detailed drafting plan and sending it to the Office for monitoring and urging progress.

2. Based on the approved detailed drafting plan, the drafting unit shall be responsible for implementing the following contents:

a) Summarizing the implementation of laws, evaluating current normative legal documents, surveying and assessing the actual social relations related to the draft document for cases of issuing documents as stipulated in points b and c of Clause 1, Article 14 of Law No. 64/2025/QH15; evaluating the policy impact in the draft document as stipulated in point c of Clause 1, Article 14 of Law No. 64/2025/QH15 in accordance with point a of Clause 1, Article 27 of Decree No. 78/2025/NĐ-CP;

b) Organizing the drafting process. If necessary, the leading unit responsible for drafting may propose and submit to the Governor for issuance of a Decision establishing the Drafting Team in accordance with point b of Clause 1, Article 27 of Decree No. 78/2025/NĐ-CP;

c) Preparing the draft document dossier in accordance with Clause 2, Article 27 of Decree No. 78/2025/NĐ-CP. Among which, the draft Memorandum must clearly state the contents prescribed in Article 6 of Decree No. 78/2025/NĐ-CP;

d) Organizing public opinion solicitation and social debate on the dossier at point c of this clause in accordance with points d and đ of Clause 1, Article 27 of Decree No. 78/2025/NĐ-CP;

đ) Publishing the draft document dossier on the State Bank of Vietnam's Official Website for at least 10 days for relevant agencies, organizations, and individuals to provide comments, except in cases where international treaties to which the Socialist Republic of Vietnam is a member have different provisions;

e) Compiling a comprehensive summary of opinions, incorporating and explaining all comments and social debates. Publishing the summary of opinions, incorporation, and explanation of comments from ministries, ministerial-level agencies, credit institutions, and other related organizations and individuals (if any) on the State Bank of Vietnam's Official Website in accordance with Clause 5, Article 2 of Decree No. 78/2025/NĐ-CP, except in cases of simplified procedures;

g) Leading and coordinating with the Office and other relevant agencies and organizations to communicate the draft from the time of soliciting opinions until submission to the Government for approval. The content and form of communication are carried out in accordance with Article 3 of Decree No. 78/2025/NĐ-CP.

3. The leading unit responsible for drafting shall submit the draft document dossier in accordance with Clause 1, Article 28 of Decree No. 78/2025/NĐ-CP to the Ministry of Justice for review. If the dossier does not meet the requirements, the leading unit responsible for drafting shall be responsible for reporting to the Governor (or Deputy Governor in charge) to supplement the dossier according to the Ministry of Justice's recommendations.

4. In cases where the review opinion is that the draft document meets the conditions for submission to the Government or only meets the conditions for submission to the Government after incorporating and perfecting, the leading unit responsible for drafting shall be responsible for studying, incorporating, and perfecting the draft decree and reporting to the Governor (or Deputy Governor in charge) for submission to the Government.

5. In cases where the review opinion is that the draft document does not meet the conditions for submission to the Government, the leading unit responsible for drafting shall be responsible for studying, incorporating, and perfecting the draft and reporting to the Governor (or Deputy Governor in charge) to resubmit the draft document dossier to the Ministry of Justice for re-review.

Based on the re-review opinion of the Ministry of Justice, the leading unit responsible for drafting shall be responsible for studying, incorporating, and perfecting the draft Decree and reporting to the Governor (or Deputy Governor in charge) for submission to the Government in accordance with Clause 2, Article 29 of Decree No. 78/2025/NĐ-CP.

6. The leading unit responsible for drafting shall coordinate with the Office of the Government and relevant agencies to incorporate opinions of Government members, perfect the draft document, and report to the Governor (or Deputy Governor in charge) for reporting to the Prime Minister. In cases where the draft document has not been approved, the leading unit responsible for drafting shall study, incorporate, and perfect the draft according to the Government's and Prime Minister's directives.

For the decree as stipulated in point c of Clause 1, Article 14 of Law No. 64/2025/QH15, before issuance, the leading unit responsible for drafting shall report to the Governor (or Deputy Governor in charge) for submission to the Government for submission to the Standing Committee of the National Assembly for comments in accordance with Article 31 of Decree No. 78/2025/NĐ-CP.

7. In cases where the draft decree is approved, the leading unit responsible for drafting shall report to the Governor for submission to the Prime Minister for signing and promulgating the Decree.

In cases where the draft decree has not been approved,the leading unit responsible for drafting shall coordinate with relevant agencies to study, incorporate, and perfect the draftdocument according to the Government's and Prime Minister's directives and report to the Governor (or Deputy Governor in charge) for examination and submission to the Government for the revised and perfected draft decree. document prepared in accordance with the directives of the Government and the Prime Minister shall be submitted to the Governor (or Deputy Governor in charge) for review, and then presented to the Government for consideration of the draft decree that has been revised and finalized.

Article 17. The procedure for drafting resolutions of the Government as prescribed in point a and b, Clause 2, Article 14 of Law No. 64/2025/QH15

1. The leading unit responsible for drafting shall be responsible for developing a detailed draft plan, reporting to the Governor (or Deputy Governor in charge) for consideration, approval, and sending it to the Office for monitoring and urging progress.

2. Based on the approved detailed draft plan, the leading unit responsible for drafting shall be responsible for:

a) Preparing the draft document file in accordance with the provisions of point b, Clause 1, Article 32 of Decree No. 78/2025/NĐ-CP. In this regard, the draft proposal must clearly state the contents stipulated in Article 6 of Decree No. 78/2025/NĐ-CP;

b) Organizing the solicitation of opinions on the draft resolution in accordance with the provisions of point c, Clause 1, Article 32 of Decree No. 78/2025/NĐ-CP;

c) Compiling a comprehensive summary of opinions, incorporating feedback, and explaining all comments. Posting the summary of opinions, incorporation of feedback, and explanation of comments from relevant ministries, agencies at the level of ministries, credit institutions, and other organizations and individuals (if any) on the State Bank of Vietnam's Official Website in accordance with Clause 5, Article 2 of Decree No. 78/2025/NĐ-CP, except in cases where posting is conducted through simplified procedures;

d) Taking the lead and coordinating with the Office and other related agencies to organize communication on the draft from the time of soliciting opinions until submitting the draft to the Government for approval. The content and form of communication are carried out in accordance with Article 3 of Decree No. 78/2025/NĐ-CP.

3. On the basis of the draft resolution file that has been revised and completed, the leading unit responsible for drafting shall submit to the Governor (or Deputy Governor in charge) for submission to the Government for approval of the draft resolution file in accordance with point b, Clause 1, Article 34 of Decree No. 78/2025/NĐ-CP.

4. During the process of the Government considering and approving the draft resolution, the leading unit responsible for drafting shall be responsible for taking the lead and coordinating with the Government Office and related agencies to incorporate the opinions of Government members, revise and complete the draft document, and report to the Prime Minister.

In case the draft resolution has not been approved, the leading unit responsible for drafting shall coordinate with related agencies to study, incorporate, revise, and complete the draft according to the directives of the Government and the Prime Minister, and report to the Governor (or Deputy Governor in charge) for consideration before submitting the draft resolution file that has been revised and completed to the Government.

Article 18. The procedure for drafting resolutions of the Government as prescribed in point c, Clause 2, Article 14 of Law No. 64/2025/QH15

1. The leading unit responsible for drafting shall be responsible for developing a detailed draft plan, reporting to the Governor (or Deputy Governor in charge) for consideration and approval, and sending it to the Office for monitoring and urging progress.

2. Based on the approved detailed draft plan, the leading unit responsible for drafting shall be responsible for:

a) Surveying and evaluating the current social relations related to the draft document and assessing the impact of policies in the draft document in accordance with point a, Clause 1, Article 27 of Decree No. 78/2025/NĐ-CP;

b) Organizing the drafting process. If necessary, the leading unit responsible for drafting shall propose and submit to the Governor (or Deputy Governor in charge) for signing and issuing a Decision to establish a Drafting Team in accordance with point b, Clause 1, Article 27 of Decree No. 78/2025/NĐ-CP;

c) Preparing the draft document file in accordance with Clause 4, Article 32 of Decree No. 78/2025/NĐ-CP. In this regard, the draft proposal must clearly state the contents stipulated in Article 6 of Decree No. 78/2025/NĐ-CP;

d) Organizing public opinion solicitation and social debate on the dossier at point c of this clause in accordance with points d and đ of Clause 1, Article 27 of Decree No. 78/2025/NĐ-CP;

d) Posting the draft document file on the State Bank of Vietnam's Official Website for at least 10 days for relevant agencies, organizations, and individuals to provide comments, except in cases where international treaties to which the Socialist Republic of Vietnam is a party have different provisions;

e) Compiling a comprehensive summary of comments, incorporating and explaining all submitted comments and social feedback. Posting the summary of comments, incorporation, and explanation of comments from ministries, ministerial-level agencies, credit institutions, and other related organizations and individuals (if any) on the State Bank of Vietnam's Electronic Information Portal in accordance with Clause 5, Article 2 of Decree No. 78/2025/NĐ-CP, except in cases of simplified posting procedures;

g) Leading and coordinating with the Office and other relevant agencies and organizations to communicate the draft from the time of soliciting opinions until submission to the Government for approval. The content and form of communication are carried out in accordance with Article 3 of Decree No. 78/2025/NĐ-CP.

3. The leading unit responsible for drafting shall submit the draft document file to the Governor (or Deputy Governor in charge) for submission in accordance with Clause 1, Article 33 of Decree No. 78/2025/NĐ-CP, and send it to the Ministry of Justice for review. In case the file does not meet the requirements, the leading unit responsible for drafting shall be responsible for supplementing the file according to the Ministry of Justice's recommendations.

4. In case the review opinion is that the draft document meets the conditions for submission to the Government or only meets the conditions for submission to the Government after incorporating feedback and completing, the leading unit responsible for drafting shall be responsible for studying, incorporating, revising, and completing the draft resolution in accordance with Clause 2, Article 34 of Decree No. 78/2025/NĐ-CP before reporting to the Governor (or Deputy Governor in charge) for submission to the Government.

5. In case the review opinion is that the draft document does not meet the conditions for submission to the Government, the leading unit responsible for drafting shall be responsible for studying, incorporating, revising the draft, and reporting to the Governor (or Deputy Governor in charge) to send the draft document file to the Ministry of Justice for re-review. Based on the re-review opinion of the Ministry of Justice, the leading unit responsible for drafting shall revise and complete the file and report to the Governor (or Deputy Governor in charge) for approval of the draft resolution file to be submitted to the Government in accordance with Clause 2, Article 34 of Decree No. 78/2025/NĐ-CP.

6. During the process of the Government considering and approving the draft resolution, the leading unit responsible for drafting shall be responsible for taking the lead and coordinating with the Government Office and related agencies to incorporate the opinions of Government members, revise and complete the draft document, and report to the Prime Minister.

In cases where the draft decree has not been approved,In case the draft resolution has not been approved, the leading unit responsible for drafting shall coordinate with related agencies to study, incorporate, and revise the draft document according to the Government's and Prime Minister's directives and report to the Governor (or Deputy Governor in charge) for examination and submission to the Government for the revised and perfected draft decree. according to the directives of the Government and the Prime Minister, and report to the Governor (or Deputy Governor in charge) for consideration before submitting the draft resolution file that has been revised and completed to the Government.

Article 19. Procedures for the Prime Minister's Decision

1. The leading unit responsible for drafting shall be responsible for reporting to the Governor (or Deputy Governor in charge) for review and approval of the detailed drafting plan. The detailed drafting plan must be sent to the Office for monitoring and urging progress.

2. Based on the approved detailed drafting plan, the drafting unit shall be responsible for implementing the following contents:

a) Summarize and evaluate current regulatory legal documents, conduct surveys and assess the actual status of social relations related to the draft document for cases where documents are issued under Clauses 2 and 3 of Article 15 of Law No. 64/2025/QH15.

b) Organize the drafting process. In necessary cases, the leading unit responsible for drafting proposes and submits to the Governor (or Deputy Governor in charge) for issuance of a Decision establishing the Drafting Team in accordance with Point b, Clause 1, Article 36 of Decree No. 78/2025/NĐ-CP.

c) Prepare the draft document dossier in accordance with Clause 2, Article 36 of Decree No. 78/2025/NĐ-CP. Among which, the draft Presentation Report must clearly state the contents prescribed in Article 6 of Decree No. 78/2025/NĐ-CP.

d) Organize the solicitation of opinions on the dossier as stipulated in Point d, Clause 1, Article 36 of Decree No. 78/2025/NĐ-CP.

đ) Publish the draft document dossier on the State Bank of Vietnam’s Electronic Information Portal for at least 10 days for relevant agencies, organizations, and individuals to provide comments, except in cases where international treaties to which the Socialist Republic of Vietnam is a party have different provisions. In cases where documents are issued through simplified procedures, publication shall be carried out in accordance with Point b, Clause 4, Article 51 of Law No. 64/2025/QH15.

e) Compile a comprehensive summary of opinions, adoption, and explanations of all submitted comments. Publish the summary of opinions, adoption, and explanations of comments from ministries, ministerial-level agencies, credit institutions, and other relevant organizations and individuals (if any) on the State Bank of Vietnam’s Electronic Information Portal in accordance with Clause 5, Article 2 of Decree No. 78/2025/NĐ-CP, except in cases of simplified publication procedures.

g) Lead and coordinate with the Office and other relevant agencies and organizations to organize communication of the draft from the time of soliciting opinions until submission to the Prime Minister for signing and issuing the decision. The content and form of communication shall be implemented in accordance with Article 3 of Decree No. 78/2025/NĐ-CP.

3. The leading unit responsible for drafting shall submit the dossier of the draft document in accordance with Clause 1, Article 37 of Decree No. 78/2025/NĐ-CP to the Ministry of Justice for examination. If the dossier does not meet the requirements, the leading unit responsible for drafting shall be responsible for supplementing the dossier according to the request of the Ministry of Justice.

4. In cases where the examination opinion is that the draft document meets the conditions for submission to the Prime Minister or only meets the conditions for submission to the Prime Minister after adopting and perfecting, the leading unit responsible for drafting shall be responsible for studying, adopting, and perfecting the dossier of the draft decision, reporting to the Governor (or Deputy Governor in charge) in accordance with Clause 2, Article 38 of Decree No. 78/2025/NĐ-CP to submit to the Prime Minister, while sending it to the Ministry of Justice.

5. In cases where the examination opinion is that the draft document does not meet the conditions for submission to the Prime Minister, the leading unit responsible for drafting shall be responsible for studying, adopting, and perfecting the draft and reporting to the Governor (or Deputy Governor in charge) to send the dossier of the draft document to the Ministry of Justice for re-examination.

Based on the re-examination opinion of the Ministry of Justice, the leading unit responsible for drafting shall revise and perfect the dossier of the draft resolution, report to the Governor (or Deputy Governor in charge) for review and approval of the dossier of the draft decision in accordance with Clause 2, Article 38 of Decree No. 78/2025/NĐ-CP to submit to the Prime Minister, while sending it to the Ministry of Justice.

Chapter IV

BUILDING AND ISSUING CIRCULARS

Section 1

ESTABLISHING THE CIRCULAR BUILDING PROGRAM

Article 20. Drafting Plan for Circulars of the State Bank

1. By no later than November 1st each year, the Legal Department shall issue a document requesting units under the State Bank to propose the drafting of circulars expected to be issued in the following year.

2. Units shall base their proposals for drafting circulars of the following year, which are intended to be included in the Drafting Plan for Circulars, on their functions and tasks, and submit them for approval by the Deputy Governor responsible and send them to the Legal Department by no later than December 1st each year.

The proposal for drafting circulars must clearly state: the name of the circular, the necessity for issuance, the basis for issuance, the subjects to whom it applies, the scope of regulation, the basic contents, the main unit responsible for drafting, the expected issuance date, and the drafting plan for each document.

The drafting plan for documents must specifically forecast the following time points by month: completion of the draft circular; completion of soliciting opinions on the draft circular; submission to the Legal Department for review of the draft circular; submission to the Governor for signing to issue the circular.

3. For circulars within the list of detailed regulations of laws, ordinances, and resolutions of the National Assembly, the unit assigned to primarily draft shall send a letter to the Legal Department to register in the Drafting Plan for Circulars of the State Bank.

4. The Legal Department shall examine and consolidate the proposals for drafting circulars from the units. In cases where clarification of the proposed content of the circular is necessary, the Legal Department shall discuss with or request a letter from the unit to explain or organize meetings to discuss the units' proposals for drafting circulars.

If there is disagreement with the unit's proposal (regarding legal basis, necessity for issuance, name, form of issuance, or feasibility of the drafting schedule), the Legal Department shall report to the Governor for consideration and decision.

After examining and consolidating the units' proposals, the Legal Department shall seek the opinion of the Standing Committee of the Party Central Committee of the State Bank and the Leadership Board of the State Bank before submitting to the Governor for signature to issue.

5. By no later than December 25th each year, the Legal Department shall submit the Drafting Plan for Circulars to the Governor (or Deputy Governor responsible) for signing and issuing.

6. The Drafting Plan for Circulars, after being signed and issued by the Governor (or Deputy Governor responsible), shall be published on the State Bank's Electronic Information Portal.

Article 21. Adjustment of the Drafting Plan for Circulars

1. In cases of adding to the Drafting Plan for Circulars, units shall follow the provisions of Clause 2 of Article 20 of this Circular.

2. In cases of removing from the Plan or adjusting the submission time, name of the circular, or the main drafting unit, they shall report to the Governor (or Deputy Governor responsible) detailing the reasons, remedial measures, and a suitable drafting plan for the document corresponding to the expected submission time for the draft circular, and send a document to the Legal Department after receiving approval from the Governor (or Deputy Governor responsible).

3. By no later than the 25th day of the last month of each quarter or when there is an urgent need, the Legal Department shall submit the adjustment of the Drafting Plan for Circulars to the Governor (or Deputy Governor responsible) for decision:

a) The Legal Department shall examine and consolidate the requests for adjusting the Drafting Plan for Circulars from the units; if there are differing opinions on the units' requests for adjusting the Drafting Plan for Circulars, the Legal Department shall propose that the Governor (or Deputy Governor responsible) consider and decide;

b) The Legal Department shall seek the opinion of the Standing Committee of the Party Central Committee of the State Bank and the Leadership Board of the State Bank before submitting to the Governor for signature to issue.

4. The Decision on Adjusting the Drafting Plan for Circulars, after being signed and issued, shall be published on the State Bank's Electronic Information Portal.

Section 2

DRAFTING AND ISSUANCE OF CIRCULARS

Article 22. Drafting Circulars

1. The unit assigned to lead the drafting shall be responsible for:

a) Organizing the drafting of the circular. In cases where necessary, establishing a drafting team with the participation of representatives from relevant units of the State Bank, related agencies and organizations, experts, and scientists to advise the leading unit in the drafting process;

b) Building the draft circular dossier, including: draft submission report; draft circular; administrative procedure assessment document, delegation of authority, implementation of delegated tasks and powers, application and promotion of scientific and technological development and innovation and digital transformation (if applicable); comparison and explanation of the draft circular; report on the summary of the enforcement of laws or evaluation of the current social relations related to the draft document in cases of issuing documents as stipulated in Clause 2, Article 18 of Law No. 64/2025/QH15;

c) Publishing the draft circular dossier on the State Bank's Electronic Information Portal for at least 10 days for agencies, organizations, and individuals to provide comments, except in cases where international treaties to which the Socialist Republic of Vietnam is a member have different provisions;

d) Soliciting opinions from entities directly affected by the circular and related agencies and organizations. The leading drafting unit shall be responsible for soliciting opinions from the Office when the circular contains provisions on administrative procedures; the Office, the Forecasting, Statistics - Monetary and Financial Stability Department in cases where the circular contains provisions on periodic reporting systems and other relevant units under the State Bank;

Depending on the nature and content of the draft circular, the leading drafting unit may solicit opinions from other ministries, ministerial-level agencies, government agencies, provincial People's Councils, related agencies and organizations, experts, and scientists. In cases where opinions are solicited in writing, the agencies and organizations solicited must respond in writing within 10 days from the date of receipt of the request for comments;

đ) Studying, adopting, and explaining comments. Building a comprehensive summary of comments, adoption, and explanations of all comments. Publishing the summary of comments, adoption, and explanations of comments from ministries, ministerial-level agencies, credit institutions, and other related organizations and individuals (if any) on the State Bank's Electronic Information Portal in accordance with Clause 5, Article 2 of Decree No. 78/2025/NĐ-CP;

e) Leading and coordinating with the Office and other related organizations and individuals to organize communication of the draft from the time of soliciting opinions until submitting to the Governor for signing and promulgating the circular. The content and form of communication shall be carried out in accordance with Article 3 of Decree No. 78/2025/NĐ-CP;

2. For circulars drafted according to simplified procedures, the leading drafting unit shall be responsible for:

a) Building the draft circular dossier including: draft submission report; draft document; comparison and explanation of the draft content and other documents (if any);

b) May publish the draft circular dossier on the State Bank's Electronic Information Portal, except in cases where international treaties to which the Socialist Republic of Vietnam is a member have different provisions; may solicit opinions from entities directly affected by the document, related agencies, organizations, and individuals, and implement the communication of the draft circular content. In cases where opinions are solicited in writing, the opinion solicitation period must be at least three days from the date of receipt of the request for participation in comments;

3. Based on the nature, level of complexity, and impact of the draft circular, the leading drafting unit shall determine the timing for requesting opinions from the Standing Party Committee of the State Bank, the State Bank Leadership, and submitting to the Deputy Governor in charge for approval of the content and reporting to the Governor for consideration and decision on requesting opinions in accordance with Clause 4, Article 3 of this Circular.

Article 23. Review of draft circulars

1. The application for review shall include:

a) A letter requesting review, the documents specified in point b, Clause 1, Article 22 of this Circular, a summary of opinions, adoption, and explanations on comments; other documents (if any);

b) The application for review of a draft circular under the simplified procedure includes: A letter requesting review, the documents specified in point a, Clause 2, Article 22 of this Circular, a summary of opinions, adoption, and explanations on comments; other documents (if any).

2. The organization of the review shall be carried out as follows:

The Legal Department shall lead the review. For draft circulars prepared by the Legal Department, the Legal Department shall submit to the Governor (or Deputy Governor in charge) to assign another unit to conduct the review. The review shall be conducted according to the provisions of Clauses 2, 3, and 4, Article 40 of Decree No. 78/2025/NĐ-CP.

3. The content of the review shall be carried out in accordance with Clause 5, Article 40 of Decree No. 78/2025/NĐ-CP.

4. The time limit for the review is within a maximum of 15 days from the date of receipt of the complete application for review, the reviewing unit shall issue a review document sent to the main drafting unit.

In urgent cases or when issuing a Circular through the simplified procedure, the reviewing unit shall be responsible for reviewing the draft circular within seven days from the date of receiving the complete application for review.

5. After receiving the review document, the main drafting unit shall study, adopt, and revise the draft circular and issue a document to the reviewing unit detailing the adoption and explanation of the review comments attached with the revised draft circular according to the review comments.

In cases where there are complex contents, the main drafting unit shall consider and decide to report and seek guidance from the Governor (or Deputy Governor in charge) before submitting the document adopting and explaining the review comments to the reviewing unit.

6. After receiving the document adopting and explaining the review comments, the reviewing unit shall coordinate with the main drafting unit to finalize the draft circular.

If they agree with the content of the draft circular, the Legal Department shall affix the review stamp on the draft circular (except for circulars drafted by the Legal Department).

If further clarification of the content of the draft circular is needed, the reviewing unit shall discuss directly or invite representatives of the main drafting unit to meet to reach consensus on the content of the draft circular.

After coordinating with the main drafting unit to finalize the draft circular, if there are still differing opinions, the reviewing unit shall issue a document retaining its opinion sent to the main drafting unit. The main drafting unit shall report to the Governor (or Deputy Governor in charge) for consideration and decision. The Legal Department shall affix the review stamp according to the Governor's (or Deputy Governor's) instructions. For circulars drafted by the Legal Department, no review stamp will be affixed.

Article 24. Approval and Issuance of Circulars

1. The main drafting unit shall submit to the Governor for signature and issuance of the circular. The dossier shall include:

a) The documents specified in Clause 1, Article 23 of this Circular that have been revised. Among them, the draft circular has been stamped by the Legal Department (except for circulars drafted by the Legal Department) and signed off by the leader of the main drafting unit at the end of the draft circular, each annex (if any);

b) The review report;

c) The report on adoption and explanation of review comments;

d) Other documents (if any).

2. The Governor (or Deputy Governor in charge) shall examine and sign to issue the circular.

Article 25. Issuance and Publication of Circulars

1. After the circular is signed for issuance, the main drafting unit shall send two paper copies that have been signed along with the electronic version of the circular to the Office and shall be responsible for the accuracy of the electronic version.

2. The Office shall be responsible for assigning the number and issuance date of the circular, affixing the seal, making copies, keeping the original copy, sending the circular to agencies, organizations, and individuals as specified in the "Distribution" section of the circular, and returning the approval file to the main drafting unit. The Office shall check the effective date of the circular to ensure compliance with the provisions of Article 53 of Law No. 64/2025/QH15.

3. Within three working days from the signing date, the Office shall be responsible for sending the original circular (one paper copy marked "Document sent for publication on the online Official Gazette" and the electronic version) to the Government Office for publication on the online Official Gazette; simultaneously, it shall publish the circular on the State Bank of Vietnam's Electronic Information Portal, except for documents containing state secrets as stipulated by laws on state secrets and documents prohibited from public disclosure on the internet. Circulars issued through simplified procedures must be sent to the Government Office on the same day they are signed for issuance for publication on the online Official Gazette.

4. Within two working days from the signing date, the main drafting unit shall send the electronic version of the circular to the Legal Department for publication in the National Database on Laws (in ".pdf" format with red seal and in ".doc" format), while publishing a press release about the issuance of the circular on the State Bank of Vietnam's Electronic Information Portal, except for documents containing state secrets as stipulated by laws on state secrets and documents prohibited from public disclosure on the internet.

Chapter V

IMPLEMENTATION

Article 26. Budget for Building Legal Normative Documents

1. The budget for building legal normative documents and programs for building legal normative documents shall be implemented according to the provisions of Article 70 of Law No. 64/2025/QH15, guidelines of the Ministry of Finance and the State Bank of Vietnam regarding management and use of state budget funds to ensure work related to building and issuing legal normative documents.

2. Heads of units under the State Bank of Vietnam, based on assigned tasks for drafting and issuing legal normative documents, shall be responsible for proposing and coordinating with the Financial and Accounting Department and the Office to allocate the budget and other necessary conditions to ensure work related to building and issuing legal normative documents.

Article 27. Responsibilities of Units Under the State Bank of Vietnam

1. Units under the State Bank of Vietnam shall be responsible for:

a) Adhering to the regulations on procedures and processes for building and issuing legal normative documents as stipulated in Law No. 64/2025/QH15, Decree No. 78/2025/NĐ-CP, guiding documents, and this Circular;

b) The main drafting unit shall be responsible for ensuring the progress and quality of the draft document, promptly reporting to the Governor and Deputy Governors in charge about difficulties and obstacles encountered during the process of building the document;

c) By the 23rd of each month or upon urgent request from the Legal Department and the Office, the main drafting units shall be responsible for submitting reports on the status of building legal normative documents to the Legal Department and the Office. In cases where the progress of building legal normative documents is delayed, the report must clearly state the reasons and measures to address them;

d) By December 25th, the main drafting units shall submit a written report on the results of implementing the circular construction program for the year to the Legal Department for consolidation and reporting to the Governor;

e) Fulfilling other tasks as prescribed in this Circular.

2. The Legal Department shall be responsible for:

Monitoring and urging units to implement the State Bank of Vietnam’s Circular Construction Program, the annual legislative program of the National Assembly, and detailed regulations on laws, resolutions of the National Assembly, ordinances, and resolutions of the Standing Committee of the National Assembly in accordance with the schedule; reporting to the Governor and the Ministry of Justice as required.

3. The Office shall be responsible for:

a) Monitoring and urging units to implement the drafting of decrees, resolutions of the Government, and decisions of the Prime Minister in accordance with the schedule;

b) Reporting on the status, progress of drafting decrees, resolutions of the Government, and decisions of the Prime Minister, and difficulties and obstacles encountered during the process of drafting these documents, in accordance with the reporting system for implementation of projects in the Government and Prime Minister’s Work Programs.

Article 28. Effective Date

This Circular takes effect from November 15, 2025, and replaces Circular No. 27/2016/TT-NHNN on the Procedures and Processes for Drafting and Issuing Legal Normative Documents of the State Bank of Vietnam and Circular No. 07/2021/TT-NHNN amending and supplementing certain articles of Circular No. 27/2016/TT-NHNN dated September 28, 2016, issued by the Governor of the State Bank of Vietnam, guiding the procedures and processes for building and issuing legal normative documents of the State Bank of Vietnam.

Article 29. Responsibility for organizing implementation

Heads of units under the State Bank of Vietnam are responsible for implementing this Circular./.