Circular No. 71/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 21/2021/TT-NHNN on state-owned credit institutions maintaining deposit balances with the Vietnam Bank for Social Policies.

CIRCULAR

Amending and supplementing certain articles of Circular No. 21/2021/TT-NHNN on the requirement for state-owned credit institutions to maintain deposit balances with the Vietnam Social Policy Bank

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. 78/2002/NĐ-CP of the Government on credit for the poor and other policy targets;

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;

On the proposal of the Director of the Monetary Policy Department;

The Governor of the State Bank of Vietnam hereby promulgates this Circular amending and supplementing certain articles of Circular No. 21/2021/TT-NHNN on the requirement for state-owned credit institutions to maintain deposit balances with the Vietnam Social Policy Bank.

Article 1. Amending and supplementing Point a Clause 4 Article 5

"In the case where a state-owned credit institution is decided by the State Bank of Vietnam to terminate special control according to Clause 1 and Clause 2 Article 168 of Law No. 32/2024/QH15, the state-owned credit institution shall implement the maintenance of deposit balances with the Vietnam Social Policy Bank as prescribed in this Circular from the year following the year in which the state-owned credit institution is decided by the State Bank of Vietnam to terminate special control;"

Article 2. Amending and supplementing Clause 2 Article 6

Replacing the phrase "Bank Inspection and Supervision Authority" with the phrase "State Bank of Vietnam Inspectorate, Credit Institution Management and Supervision Department" at Point b and Point c Clause 2 Article 6.

Article 3. Amending and supplementing some clauses of Article 7

1. Amending and supplementing Clause 3 Article 7 as follows:

"3. The Credit Institution Management and Supervision Department shall be responsible for monitoring and supervising the implementation of the provisions of this Circular and reporting in writing to the State Bank of Vietnam Inspectorate in cases where violations of the provisions of this Circular are discovered."

2. Supplementing Clause 4 after Clause 3 Article 7 as follows:

"4. The State Bank of Vietnam Inspectorate shall be responsible for:

a) Conducting inspections and handling violations of the provisions of this Circular (if any) in accordance with the law;

b) Based on inspection conclusions, reporting in writing the content of violations and the handling of violations under this Circular (if any) to relevant units within the State Bank of Vietnam for their knowledge and coordination in handling according to their functions and tasks."

Article 4. Amending and supplementing the Appendix issued together with Circular No. 21/2021/TT-NHNN

Replacing the phrase "Bank Inspection and Supervision Authority" with the phrase "State Bank of Vietnam Inspectorate, Credit Institution Management and Supervision Department" at the Recipient section of Appendix 03 and Appendix 04.

Article 5. Responsibility for Implementation

Heads of units under the State Bank of Vietnam, state-owned credit institutions, and the Vietnam Social Policy Bank are responsible for organizing the implementation of this Circular.

Article 6. Effective Date

This Circular takes effect from February 16, 2026./.