Circular No. 74/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 14/2018/TT-NHNN guiding the implementation of monetary policy measures to support credit institutions in lending for agricultural and rural development.

CIRCULAR

Amending and supplementing certain articles of Circular No. 14/2018/TT-NHNN guiding the implementation of measures to manage monetary policy tools to support credit institutions in providing loans for agricultural and rural development

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

Pursuant to Law on Credit Institutions No. 32/2024/QH15 amended and supplemented by Law No. 96/2025/QH15;

Pursuant to Decree No. 55/2015/NĐ-CP of the Government on credit policies to serve agricultural and rural development, amended and supplemented by Decrees No. 116/2018/NĐ-CP and No. 156/2025/NĐ-CP;

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 Monetary Policy Department;

The Governor of the State Bank of Vietnam promulgates this Circular amending and supplementing certain articles of Circular No. 14/2018/TT-NHNN guiding the implementation of measures to manage monetary policy tools to support credit institutions in providing loans for agricultural and rural development.

Article 1. Amending and supplementing Article 1

“Article 1. Scope of Regulation

This Circular guides the implementation of measures to manage monetary policy tools to support credit institutions and foreign bank branches in providing loans for agricultural and rural development in accordance with the Government's regulations on credit policies to serve agricultural and rural development.

Article 2. Amending and supplementing Article 2

“Article 2. Applicability

Credit institutions and foreign bank branches implementing loans to serve agricultural and rural development in accordance with the Government's regulations on credit policies to serve agricultural and rural development (hereinafter referred to as credit institutions).

Article 3. Amending and supplementing Article 4

“Article 4. Notification of Application of Required Reserve Ratio Supporting Provisions at Point a Clause 2 Article 3 of this Circular

1. Credit institutions determine the average agricultural and rural credit ratio according toPoint b Clause 2 Article 3 of this Circular, if they meet the criteria for applying the required reserve ratio supporting provisions atPoint a Clause 2 Article 3 of this Circular, submit a written request to apply the required reserve ratio supporting provision, specifying the level of the required reserve ratio supporting provision, as follows:

a) Phase 1: Submit a written request to apply the required reserve ratio supporting provision for Phase 1 according toAppendix I attached to this Circular before January 15;

b) Phase 2: Submit a written request to apply the required reserve ratio supporting provision for Phase 2 according toAppendix II attached to this Circular before July 15.

2. The written request to apply the required reserve ratio supporting provision of credit institutions stipulated in Clause 1 shall be submitted in one of the following forms:

a) Submitting online through the National Public Service Portal. The written request must use digital signatures or electronic signatures ensuring security in accordance with the laws on electronic transactions and administrative procedures in the electronic environment;

b) Sending via postal service or submitting directly to the One-Stop Service Center of the State Bank of Vietnam.

3. The State Bank will examine and issue a written notification (paper or electronic) informing credit institutions about the applicable level of the required reserve ratio supporting provision or not approving the application for the required reserve ratio supporting provision proposed by the credit institution and stating the reasons for non-approval. The notification period is as follows:

a) Phase 1: Before January 30;

b) Phase 2: Before July 30.

Article 4. Amending and supplementing Clause 3 Article 5

"3. Report and bear responsibility for the accuracy, completeness, legality, and validity of the total loan balance data and the loan balance data for the agricultural and rural sector to serve as the basis for applying the required reserve ratio supporting provisions stipulated in this Circular; provide explanations in writing regarding these data upon receiving a written request from the State Bank (Monetary Policy Department)."

Article 5. Amending and supplementing certain clauses of Article 6

1. Amending and supplementingClause 1 as follows:

"1. Monetary Policy Department:

a) Based on the written request to apply the required reserve ratio supporting provision from credit institutions, issue a written request to the Credit Institution Supervision and Management Department, the State Bank Inspectorate, or the State Bank Regional Branch (in cases where credit institutions fall under the micro-prudential supervision and inspection of the State Bank Regional Branch) to provide information discovered through supervision and inspection related to the accuracy of the loan balance data for the agricultural and rural sector in the written request to apply the required reserve ratio supporting provision from credit institutions;

b) Upon receiving information from the Credit Institution Supervision and Management Department, the State Bank Inspectorate, or the State Bank Regional Branch as stipulated in Clause 2, Point a Clause 2a, and Point a Clause 4 of this Article, consider requesting credit institutions to explain the accuracy of the data in their written request to apply the required reserve ratio supporting provision;

c) Based on the written request to apply the required reserve ratio supporting provision from credit institutions, the information provided in Clause 2, Point a Clause 2a, and Point a Clause 4 of this Article (if available), and the explanation provided by credit institutions (if available), the Monetary Policy Department will review and submit to the Governor of the State Bank for approval, and issue a written notification to credit institutions regarding the applicable level of the required reserve ratio supporting provision or not approving the application for the required reserve ratio supporting provision as stipulated in Clause 3 Article 4 of this Circular, while sending it to the Trading Center, the State Bank Regional Branch where the credit institution's main office is located (or where the foreign bank branch is located) and relevant units to implement."

2. Amending and supplementingClause 2 as follows:

"2. Credit Institution Supervision and Management Department: Within three days from the date of receipt of the written request from the Monetary Policy Department as stipulated in Point a Clause 1 of this Article, the Credit Institution Supervision and Management Department will issue a written notification providing information discovered through supervision related to the accuracy of the loan balance data for the agricultural and rural sector in the written request to apply the required reserve ratio supporting provision from credit institutions if such information is available."

3. Supplementing Clause 2a afterClause 2 as follows:

"2a. State Bank Inspectorate:

a) Within three days from the date of receipt of the written request from the Monetary Policy Department as stipulated in Point a Clause 1 of this Article, the State Bank Inspectorate will issue a written notification providing information discovered through inspections related to the accuracy of the loan balance data for the agricultural and rural sector in the written request to apply the required reserve ratio supporting provision from credit institutions if such information is available;

b) Inspect and handle violations within its authority regarding credit institutions reporting data to request the application of the required reserve ratio supporting provision as stipulated in this Circular."

4. Amending and supplementingClause 4 as follows:

"4. State Bank Regional Branch where the credit institution's main office is located (or where the foreign bank branch is located):

a) Within three days from the date of receipt of the written request from the Monetary Policy Department as stipulated in Point a Clause 1 of this Article, the State Bank Regional Branch will issue a written notification providing information discovered through inspections and supervision related to the accuracy of the loan balance data for the agricultural and rural sector in the written request to apply the required reserve ratio supporting provision from credit institutions that fall under the micro-prudential supervision and inspection of the State Bank Regional Branch if such information is available;

b) Inspect, supervise, and handle within its authority regarding credit institutions reporting data to request the application of the required reserve ratio supporting provision as stipulated in this Circular; monitor and coordinate with relevant units under the State Bank in the implementation of this Circular."

Article 6. Replacing the Attachments issued together with Circular No. 14/2018/TT-NHNN

1. Replace Attachment 01 issued together with Circular No. 14/2018/TT-NHNN withAttachment I issued together with this Circular.

2. Replace Attachment 02 issued together with Circular No. 14/2018/TT-NHNN withAttachment II issued together with this Circular.

Article 7. Implementation Provisions

This Circular takes effect from February 16, 2026.

Article 8. Responsibility for Implementation

The heads of units under the State Bank of Vietnam, credit organizations, and foreign bank branches are responsible for implementing this Circular.