Circular No. 76/2025/TT-NHNN Amending and Supplementing Certain Articles of Circular No. 24/2019/TT-NHNN on Refinancing in the Form of Resale Loans Based on Credit Applications for Credit Institutions

 CIRCULAR

Amending and supplementing certain articles of Circular No. 24/2019/TT-NHNN on refinancing in the form of re-lending based on credit files for credit institutions

provisions on refinancing in the form of loan rescheduling based on credit files

for credit institutions 

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;;

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. 24/2019/TT-NHNN of the Governor of the State Bank of Vietnam on refinancing in the form of re-lending based on credit files for credit institutions.

Article 1. Amending and supplementing Point c Clause 2 Article 1

“c) A comprehensive financial company, a specialized financial company.”

Article 2. Amending and supplementing some clauses of Article 15

1. Amending and supplementing Clause 2 as follows:

“2. Within two working days from the date of receiving complete files of the credit institution as prescribed in Clause 1 of this Article, the Monetary Policy Department shall send for comments from the Credit Institution Supervision Department, the Credit to Economic Sectors Department, and the State Bank Branch in the Region where the credit institution's headquarters is located (in case the State Bank Branch in the Region has the responsibility to inspect and supervise the credit institution requesting refinancing or extension of refinancing).”

2. Amending and supplementing Clause 3 as follows:

“3. Within five working days from the date of receiving the document requesting comments from the Monetary Policy Department as prescribed in Clause 2 of this Article, the Credit Institution Supervision Department, the Credit to Economic Sectors Department, and the State Bank Branch in the Region where the credit institution's headquarters is located (hereinafter referred to as the State Bank Branch in the Region) shall provide written comments to the Monetary Policy Department on the following contents:

a) Credit Institution Supervision Department: Evaluate whether the credit institution meets or does not meet the conditions for refinancing and extension of refinancing as prescribed in Clause 1 of Article 12 of this Circular; comments on the request for refinancing and extension of refinancing of the credit institution; other contents (if any);

b) Credit to Economic Sectors Department: Based on the report and file of the credit institution, provide comments on the conditions for refinancing and extension of refinancing of the credit institution as prescribed in Article 12 of this Circular; comments on the request for refinancing and extension of refinancing of the credit institution; other contents (if any);

c) State Bank Branch in the Region: Evaluate whether the credit institution meets or does not meet the conditions for refinancing and extension of refinancing as prescribed in Clause 1 of Article 12 of this Circular; comments on the request for refinancing and extension of refinancing of the credit institution; other contents (if any).”

3. Amending and supplementing Clause 6 as follows:

“6. Based on the Decision of the Governor of the State Bank regarding refinancing and extension of refinancing for credit institutions and relevant laws, the Director of the Trading Department or the Director of the State Bank Branch in the Region shall sign the refinancing contract, disburse funds, extend, and recover refinancing debt for credit institutions.”

Article 3. Amending and supplementing Clause 2 Article 16

“2. Comply with the safety ratios prescribed in Clause 1 of Article 138 of the Law on Credit Institutions No. 32/2024/QH15 amended and supplemented by Law No. 96/2025/QH15 and the guidance of the State Bank within twelve consecutive months prior to the date of the application for refinancing.”

Article 4. Amending and supplementing some clauses of Article 20

1. Amending and supplementing Clause 2 as follows:

“2. Within three working days from the date of receiving complete files of the credit institution as prescribed in Clause 1 of this Article, the Monetary Policy Department shall send for comments from the Credit Institution Supervision Department, the Banking Inspection Department, the Credit to Economic Sectors Department, and the State Bank Branch in the Region (in case the State Bank Branch in the Region has the responsibility to inspect and supervise the credit institution requesting refinancing or extension of refinancing).”

2. Amending and supplementing Clause 3 as follows:

“3. Within seven working days from the date of receiving the document requesting comments from the Monetary Policy Department as prescribed in Clause 2 of this Article, the Credit Institution Supervision Department, the Banking Inspection Department, the Credit to Economic Sectors Department, and the State Bank Branch in the Region shall provide written comments to the Monetary Policy Department on the following contents:

a) Credit Institution Supervision Department: Evaluate whether the credit institution meets or does not meet the conditions prescribed in Clauses 1 and 2 of Article 16 of this Circular (for cases where the credit institution requests refinancing) or the conditions prescribed in Clauses 1 and 2 of Article 17 of this Circular (for cases where the credit institution requests extension of refinancing); comments on the request for refinancing and extension of refinancing of the credit institution; other contents (if any);

a1) Banking Inspection Department provides comments on whether the credit institution falls under the cases of violation prescribed in Clauses 1 and 2 of Article 11 of this Circular; comments on the request for refinancing and extension of refinancing of the credit institution; other contents (if any);

b) Credit to Economic Sectors Department: Provide data on the outstanding loans of the credit institution for industries and sectors encouraged for development that the Credit to Economic Sectors Department is assigned to monitor and manage; based on the report and file of the credit institution, provide comments on the conditions for refinancing and extension of refinancing of the credit institution as prescribed in Articles 16 and 17 of this Circular; comments on the request for refinancing and extension of refinancing of the credit institution; other contents (if any);

c) State Bank Branch in the Region: Evaluate whether the credit institution meets or does not meet the conditions prescribed in Clauses 1 and 2 of Article 16 of this Circular (for cases where the credit institution requests refinancing) or the conditions prescribed in Clauses 1 and 2 of Article 17 of this Circular (for cases where the credit institution requests extension of refinancing); comments on the request for refinancing and extension of refinancing of the credit institution; other contents (if any).”

3. Amending and supplementing Clause 6 as follows:

“6. Based on the Decision of the Governor of the State Bank regarding refinancing and extension of refinancing for credit institutions and relevant laws, the Director of the Trading Department or the Director of the State Bank Branch in the Region shall sign the refinancing contract, disburse funds, extend, and recover refinancing debt for credit institutions.”

Article 5. Amend and supplement some points and clauses of Article 21

1. Amend and supplement point c clause 6 as follows:

“c) Monitor and evaluate the lending criteria in the credit file for refinancing loans and loan extensions to ensure that within three working days from the date when there is no longer a loan or the principal balance of the loan decreases or the loan no longer meets the criteria stipulated in Clause 1 and Clause 2 of Article 13 of this Circular (for refinancing loans under Clause 1 of Article 4 of this Circular) or Clause 1 and Clause 2 of Article 18 of this Circular (for refinancing loans under Clause 2 of Article 4 of this Circular), the credit institution must replace or supplement the loan to meet the criteria, ensuring that the total principal balance of the loans after replacement and supplementation is not lower than the total principal balance of the loans listed in the attached credit file of the Refinancing Decision or the Loan Extension Decision issued by the Governor of the State Bank of Vietnam, while reporting to the State Bank of Vietnam (Credit Institution Management and Supervision Department, State Bank of Vietnam Inspectorate, Monetary Policy Department, Credit to Economic Sectors Department, Trading Division or State Bank of Vietnam Branch Area where the credit institution receives refinancing disbursement).”

2. Amend and supplement clause 7 as follows:

“7. On a weekly basis, within two working days at the beginning of the following week immediately after the reporting week, submit a written report directly or through postal service to the State Bank of Vietnam (Credit Institution Management and Supervision Department, State Bank of Vietnam Inspectorate, State Bank of Vietnam Branch Area responsible for inspecting and supervising credit institutions borrowing refinancing loans) on the use of refinancing loans for liquidity support according to Appendix No. 08 issued together with this Circular until the refinancing loan is fully utilized.”

Article 6. Amend and supplement some points and clauses of Article 22

1. Amend and supplement point c clause 1 as follows:

“c) Summarize the data on refinancing loans in the form of re-lending according to the credit file at the Trading Division, State Bank of Vietnam Branch Area and report to the Governor of the State Bank of Vietnam within five working days from the date of receiving complete reports from the Trading Division, State Bank of Vietnam Branch Area until the loan balance is zero and there is no change in the refinancing loans in the form of re-lending according to the credit file.”

2. Amend and supplement clause 2 as follows:

“2. Credit Institution Management and Supervision Department

a) Provide comments on refinancing loans and refinancing loan extensions in the form of re-lending according to the provisions of this Circular;

b) Serve as the lead department to submit to the Governor of the State Bank of Vietnam for consideration and decision on implementing the measures prescribed in point c clause 4 of Article 8 of this Circular;

c) In case of receiving notification from the competent authority or discovering through supervision that credit institutions violate the provisions of Clause 1 and Clause 2 of Article 11 of this Circular, the Credit Institution Management and Supervision Department shall issue a violation notice to the credit institution and simultaneously send it to the Monetary Policy Department, Trading Division, Credit to Economic Sectors Department, State Bank of Vietnam Inspectorate, State Bank of Vietnam Branch Area; the violation notice must include information about the violation of the credit institution and the handling measures of the State Bank of Vietnam as stipulated in this Circular;

d) Supervise and handle according to its authority the implementation of the provisions of this Circular by credit institutions.”

3. Supplement clause 2a after clause 2 as follows:

“2a. State Bank of Vietnam Inspectorate

a) Provide comments on refinancing loans and refinancing loan extensions in the form of re-lending according to the provisions of point a1 clause 3 of Article 20 of this Circular;

b) Inspect and handle violations according to its authority in the implementation of the provisions of this Circular by credit institutions;

c) In case of receiving notification from the competent authority or discovering through inspection that credit institutions violate the provisions of Clause 1 and Clause 2 of Article 11 of this Circular, the State Bank of Vietnam Inspectorate shall issue a violation notice to the credit institution and simultaneously send it to the Monetary Policy Department, Credit Institution Management and Supervision Department, Trading Division, Credit to Economic Sectors Department, State Bank of Vietnam Branch Area; the violation notice must include information about the violation of the credit institution and the handling measures of the State Bank of Vietnam as stipulated in this Circular.”

4. Amend and supplement the name and point d clause 4 as follows:

a) Amend the name of clause 4 as follows:

“4. Trading Division”

b) Amend and supplement point d clause 4 as follows:

“d) Within seven working days at the beginning of the following month from the month with outstanding balances or changes in refinancing loans in the form of re-lending according to the credit file at the Trading Division, submit a written report to the Credit Institution Management and Supervision Department, State Bank of Vietnam Inspectorate, Monetary Policy Department, Credit to Economic Sectors Department on the refinancing data according to Appendix No. 09 issued together with this Circular;”

5. Amend and supplement clause 5 as follows:

“5. State Bank of Vietnam Branch Area

a) Provide comments on refinancing loans and refinancing loan extensions in the form of re-lending according to the provisions of this Circular (for State Bank of Vietnam Branch Areas responsible for inspecting and supervising credit institutions requesting refinancing loans and refinancing loan extensions);

b) Implement the refinancing loan contract with basic contents according to Appendix No. 07 issued together with this Circular; disburse, extend, and recover refinancing loans according to the provisions of this Circular, the Governor's Decision on refinancing loans and refinancing loan extensions in the form of re-lending according to the credit file for credit institutions, and relevant laws;

c) Implement the measures against credit institutions according to the provisions of point a and point b clause 4 of Article 8 of this Circular;

d) Supervise, inspect, and handle violations according to its authority in the implementation of the provisions of this Circular by credit institutions (for State Bank of Vietnam Branch Areas responsible for inspecting and supervising credit institutions borrowing refinancing loans);

e) In case of discovering through inspection and supervision that credit institutions violate the provisions of Clause 1 and Clause 2 of Article 11 of this Circular (for State Bank of Vietnam Branch Areas responsible for inspecting and supervising credit institutions borrowing refinancing loans), the State Bank of Vietnam Branch Area shall issue a violation notice to the credit institution and simultaneously send it to the Monetary Policy Department, Credit Institution Management and Supervision Department, State Bank of Vietnam Inspectorate, Trading Division, Credit to Economic Sectors Department; the violation notice must include information about the violation of the credit institution and the handling measures of the State Bank of Vietnam as stipulated in this Circular;

f) Within seven working days at the beginning of the following month from the month with outstanding balances or changes in refinancing loans in the form of re-lending according to the credit file at the State Bank of Vietnam Branch Area, submit a written report to the Credit Institution Management and Supervision Department, State Bank of Vietnam Inspectorate, Monetary Policy Department, Credit to Economic Sectors Department on the refinancing data according to Appendix No. 09 issued together with this Circular.”

6. Amend and supplement point a clause 7 as follows:

“a) Serve as the lead department, coordinate with the Trading Division and related units to develop software programs, install software programs, and ensure computer network infrastructure for the stable, smooth, secure, and confidential operation of refinancing loans in the form of re-lending according to the credit file for credit institutions.”

Article 7. Amend and supplement Article 24 as follows:

“Article 24. Implementation

The Head of the Office, the Director of the Monetary Policy Department, the Heads of units under the State Bank, the Directors of the State Bank Branches in Regions, the Chairmen of the Management Boards, the Chairmen of the Member Councils, and the General Managers (Directors) of credit organizations shall be responsible for implementing this Circular.

Article 8. Amend and supplement some Appendices

1. Replace the phrase "State Bank Trading Department" with the phrase "Trading Department" in Appendix No. 01, Appendix No. 02, Appendix No. 07, and Appendix No. 09.

2. Replace the phrase "State Bank Branches in provinces and cities" with the phrase "State Bank Branches in Regions" in Appendix No. 01, Appendix No. 02, Appendix No. 07, Appendix No. 08, and Appendix No. 09.

3. Replace the phrase "Bank Inspection and Supervision Authority" with the phrase "Credit Organization Management and Supervision Department, State Bank Inspectorate" in Appendix 08 and Appendix 09.

Article 9. Responsibility for implementation

The Heads of units under the State Bank and credit organizations shall be responsible for implementing this Circular.

Article 10. Effective date

This Circular takes effect from December 31 2025./.