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THE STATE BANK OF VIETNAM |
THE SOCIALIST REPUBLIC OF VIET NAM |
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No. 14/2026/TT-NHNN |
Hanoi, May 19, 2026 |
AMENDMENTS TO CIRCULARS ON MICROFINANCE INSTITUTIONS REGARDING REDUCTION, DELEGATION OF AUTHORITY, AND SIMPLIFICATION OF ADMINISTRATIVE PROCEDURES
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, as amended by the Law No. 96/2025/QH15;
Pursuant to the Law on Enterprises No. 59/2020/QH14, as amended by the Law No. 03/2022/QH15, and the Law No. 76/2025/QH15;
Pursuant to the Government’s Decree No. 26/2025/ND-CP defining functions, tasks, powers and organizational structure of the State Bank of Vietnam (SBV);
At the request of the Director of the Department of System Safety Supervision of Credit Institutions;
The Governor of the State Bank of Vietnam hereby promulgates a Circular providing amendments to Circulars on microfinance institutions regarding reduction, delegation of authority, and simplification of administrative procedures.
AMENDMENTS TO CIRCULAR NO. 19/2025/TT-NHNN PRESCRIBING OPERATING NETWORK OF MICROFINANCE INSTITUTIONS, AS AMENDED BY CIRCULAR NO. 64/2025/TT-NHNN
Article 1. Amendments to some clauses of Article 4
1. Clause 2 is amended as follows:
“2. Director of the Credit Institution Management and Supervision Department has the power to:
a) Give approval for the establishment of transaction offices of microfinance institutions;
b) Mandatorily request the termination of operation or dissolution of transaction offices of microfinance institutions.”.
2. Clause 3 is amended as follows:
“3. The Director of each SBV’s regional branch has the power to:
a) Give approval for the establishment of representative offices, and supporting service units of microfinance institutions;
b) Give approval for relocation of branches and transaction offices of microfinance institutions within the area under the management of the SBV’s regional branch (including relocation prior to the commencement of operations);
c) Give approval for voluntary termination of operation or dissolution of branches and transaction offices of microfinance institutions;
d) Mandatorily requesting the termination of operation or dissolution of representative offices and supporting service units of microfinance institutions.”.
Article 2. Amendments to Article 14
“Article 14. Application for approval for establishment of branches, transaction offices, representative offices and supporting service units of microfinance institutions
1. An application form, made by the microfinance institution using the form provided in Appendix I enclosed herewith, for the approval by SBV, or the SBV’s regional branch in charge of the area where its representative office or supporting service unit is to be located, for the establishment of its branch, transaction office, representative office, or supporting service unit.
2. A Resolution or Decision of the Board of Members on the establishment of the branch, transaction office, representative office, or supporting service unit.
In the case of establishment of a transaction office, the Resolution or Decision of the Board of Members must specify the proposed name and location of the transaction office (including details down to commune level), the branch proposed to act as the governing branch of the transaction office, the operations to be conducted by the transaction office, and its geographical area of operation.
3. A scheme for branch establishment, which includes, inter alia, the following contents:
a) Full name in Vietnamese; abbreviated name in Vietnamese; the proposed address of the branch (including details down to commune level), and scope of operations of the branch;
b) The branch’s organizational structure; proposed key personnel (the Branch Director, accountant and other key title holders as defined in the microfinance institution’s internal regulations);
c) A written agreement or memorandum of understanding between the microfinance institution and a socio-political organization or local government regarding cooperation in lending through borrowing groups;
d) Projected business plan for the first 03 years, including at a minimum:
(i) An analysis of the business environment (including opportunities and challenges);
(ii) Target customer segments and products to be offered;
(iii) Projected balance sheets and income statements, the basis for formulation of the business plan, and an explanation demonstrating the feasibility of implementing the plan in each year.”.
Article 3. Amendments to Article 16
“Article 16. Procedures for approval for establishment of transaction offices, representative offices, and supporting service units of microfinance institutions
1. The microfinance institution shall prepare 01 application package consisting of the documents as prescribed in Article 14 of this Circular and submit it to the Credit Institution Management and Supervision Department or the SBV’s regional branch in charge of the area where its representative office or supporting service unit is to be located.
2. Within 07 working days from its receipt of the application as prescribed in clause 1 of this Article, the Credit Institution Management and Supervision Department or the SBV’s regional branch shall issue a written acknowledgement to the microfinance institution confirming receipt of a complete and valid application. Where an application is incomplete or invalid, they shall request the microfinance institution in writing to submit additional documents and complete its application.
The microfinance institution is required to submit additional documents, modify and complete its application within a maximum of 60 days from its receipt of the written request from the Credit Institution Management and Supervision Department or the SBV’s regional branch. If the microfinance institution fails to submit additional documents and complete its application as requested within the aforementioned time limit, it must prepare and submit a new application as prescribed in clause 1 of this Article to the Credit Institution Management and Supervision Department or the SBV’s regional branch for consideration and approval.
3. Within 07 working days from the date of receipt of a complete and valid application, the Credit Institution Management and Supervision Department shall send a written request to the SBV’s regional branch in charge of the area where the microfinance institution intends to establish a transaction office to seek its opinions about:
a) The necessarily of establishing a transaction office or an additional transaction office in such area;
b) The geographical area where the transaction office is to be established;
c) The satisfaction of the conditions set out in this Circular by the branch proposed to act as the governing branch of the transaction office in the area.
Within 05 working days from the date of receipt of the written request from the Credit Institution Management and Supervision Department, the SBV’s regional branch shall provide its written opinions about the requested matters.
4. Within 28 days (for establishment of a transaction office) or 10 days (for establishment of a representative office or supporting service unit) from the date of receipt of a complete and valid application, the Credit Institution Management and Supervision Department or the SBV’s regional branch shall issue a written approval for the microfinance institution’s establishment of its transaction office, representative office, or supporting service unit. If an application is refused, the Credit Institution Management and Supervision Department or the SBV’s regional branch shall give a written response clearly stating reasons for such refusal.
5. Within 12 months from the date on which the Credit Institution Management and Supervision Department or the SBV’s regional branch grants a written approval for establishment of transaction office, representative office or supporting service unit as prescribed in clause 4 of this Article, the microfinance institution must commence the operations of its established transaction office, representative office or supporting service unit. If the microfinance institution fails to do so within the abovementioned time limit, the written approval for establishment shall automatically cease to be effective.”.
Article 4. Amendments to clause 3 Article 17
“3. The microfinance institution shall submit a written notice to the SBV’s regional branch in charge of the area where its branch, transaction office, representative office, or supporting service unit is located, at least 15 working days prior to the proposed commencement date. Such a written notice shall include the following information:
a) The proposed date of commencement of operations;
b) The satisfaction of the requirements for commencement of operations set forth in clauses 1 and 2 of this Article;
c) Information on the head, name and address of the branch, transaction office, representative office, or supporting service unit.”.
Article 5. Amendments to point b clause 2 Article 26
“b) Within 15 days from its receipt of a complete and valid application as prescribed in clause 1 of this Article, the SBV’s regional branch shall issue a written approval of the microfinance institution’s application. In case of refusal, the SBV’s regional branch shall give a written response indicating reasons for such refusal.”.
Article 6. Amendments to Article 27
“Article 27. Mandatory termination of operation or dissolution of branches, transaction offices, representative offices and supporting service units
1. A branch, transaction office, representative office, or supporting service unit of the microfinance institution shall be subject to mandatory termination of operation or dissolution in any of the following cases:
a) There is evidence showing that the application for establishment of the branch, transaction office, representative office, or supporting service unit contains false information, leading to a misassessment of the satisfaction of the conditions for establishing such branch, transaction office, representative office, or supporting service unit;
b) The branch or transaction office is relocated without prior written approval;
c) It operates beyond the scope of operations permitted by regulations of law.
2. Upon detecting any of the cases specified in clause 1 of this Article, the SBV Inspectorate or the SBV’s regional branch in charge of the area where the branch or transaction office of the microfinance institution is located shall submit a written proposal, clearly stating the reasons for such proposal, to the SBV’s Governor (for termination of operation or dissolution of a branch), or to the Credit Institution Management and Supervision Department (for termination of operation or dissolution of a transaction office), requesting termination of operation or dissolution of the branch or transaction office of the microfinance institution.
3. Within 20 days from the receipt of the written proposal for termination of operation or dissolution of the branch or transaction office of the microfinance institution as prescribed in clause 2 of this Article, or where, during supervision activities, a case specified in clause 1 of this Article is detected, the Credit Institution Management and Supervision Department shall issue a written request (for termination of operation or dissolution of a transaction office) or shall submit to the SBV’s Governor (for termination of operation or dissolution of a branch) for issuance of a written request requiring the microfinance institution to terminate operation of or dissolve its branch or transaction office.
4. Upon its detection of any of the cases specified in clause 1 of this Article, the SBV Inspectorate or the Credit Institution Management and Supervision Department shall send a written proposal, clearly stating the reasons for such proposal, to the SBV’s regional branch in charge of the area where the representative office or supporting service unit of the microfinance institution is located, requesting the termination of operation or dissolution of such representative office or supporting service unit.
5. Within 20 days from its receipt of the written proposal for termination of operation or dissolution of the microfinance institution’s representative office, or supporting service unit, as prescribed in clause 4 of this Article, or where, during performance of management tasks, any of the cases specified in clause 1 of this Article is detected, the SBV’s regional branch shall issue a written request to the microfinance institution for termination of operation or dissolution of its representative office or supporting service unit.
6. Within 90 days from the date on which the SBV issues a written request requiring the microfinance institution to terminate operation of or dissolve its branch, transaction office, representative office, or supporting service unit, the microfinance institution shall complete the termination of operation or dissolution as requested, and submit a written report to the SBV (for termination of operation of its branch or transaction office) or to the SBV’s regional branch (for termination of operation of its representative office or supporting service unit) specifying the date and results of such termination of operation or dissolution.
7. In the case of termination of operation or dissolution of its branch, within the time limit specified in clause 6 of this Article, the microfinance institution shall complete procedures for replacement of the governing branch of, or for termination of operations of, transaction offices managed by the branch subject to termination or dissolution. Where a transaction office is subjected to termination of operations as prescribed in this clause, the microfinance institution shall transfer all of assets, documents, records, and relevant rights and obligations of such transaction office to its head office or another branch for continued management and recovery of debts as prescribed by law.”.
Article 7. Amendments to some clauses of Article 32
1. Clause 2 is amended as follows:
“2. Receive applications and consider giving, or refusing to give, approval, as prescribed in Articles 16, 20 and 26 of this Circular, for the cases falling within the competence of the Director of the SBV’s regional branch as prescribed in clause 3 Article 4 of this Circular.”.
2. Clause 5 is amended as follows:
“5. Within 05 working days from the date on which the SBV’s regional branch issues a written approval within its competence as prescribed in clause 3 Article 4 of this Circular, or from the date of receipt of a notification or report from the microfinance institution as prescribed in this Circular, the SBV’s regional branch shall send a written report to SBV on the following matters:
a) The commencement of operations of a branch, transaction office, representative office, or supporting service unit;
b) Changes in the name or relocation of a branch, transaction office, representative office, or supporting service unit;
c) Replacement of the governing branch of a transaction office;
d) Voluntary termination of operation or dissolution of branches, transaction offices, representative offices, and supporting service units;
dd) Establishment of representative offices and supporting service units;
e) Mandatory termination of operation or dissolution of representative offices and supporting service units.”.
Article 8. Amendments to some points of clause 1 Article 33
1. Point d is amended as follows:
“d) Act as the focal point in charge of reviewing and submitting to the SBV’s Governor any issues arising in connection with the establishment, termination of operations, and dissolution of branches, or transaction offices of microfinance institutions for resolution;”
2. Point dd is amended as follows:
“dd) Provide the written approval for the establishment of a branch or transaction office as prescribed in Article 15 or Article 16 of this Circular to the SBV’s regional branch in charge of the area where the microfinance institution intends to locate such branch or transaction office, for notification to the relevant business registration authority;”.
3. Point g is amended as follows:
“g) Receive reports and notifications from SBV’s regional branches and microfinance institutions as prescribed in clause 6 Article 27, and clause 5 Article 32 of this Circular.”.
Article 9. Replacement of some Appendixes enclosed with Circular No. 19/2025/TT-NHNN
Appendix I, Appendix III enclosed with the Circular No. 19/2025/TT-NHNN are replaced with Appendix I, Appendix III enclosed herewith.
AMENDMENTS TO CIRCULAR NO. 54/2025/TT-NHNN PRESCRIBING APPLICATIONS AND PROCEDURES FOR LICENSING, ORGANIZATION AND OPERATION OF MICROFINANCE INSTITUTIONS
Article 10. Amendments to some clauses of Article 4
1. Clause 2 is amended as follows:
“2. The Director General of the Credit Institution Management and Supervision Department shall consider giving approval for the list of recommended persons to be elected or appointed to become members of the Board of Members, members of the Board of Controllers, and General Director (Director) of the microfinance institution.”.
2. Clause 3 is added as follows:
“3. The Director of the SBV’s regional branch in charge of the area where the microfinance institution is headquartered shall decide to issue a copy of the License from its master register to the microfinance institution.”.
Article 11. Change of heading, amendment to and abrogation of some clauses of Article 6
1. Heading of Article is amended as follows:
“Article 6. Rules for preparing, submitting and receiving applications, and returning application processing results”.
2. Clause 6 is abrogated.
3. Clause 7 is amended as follows:
“7. Written requests for application modification, written responses, certifications, approvals, and Licenses shall be issued by SBV in either physical or electronic form.”.
Article 12. Abrogation of point d(iii), point d(v) clause 1 Article 7
Article 13. Amendments to clause 1 Article 9
“1. The preparatory board shall prepare 01 package of application documents for approval in principle as prescribed in clause 1 Article 7 or clause 1 Article 8 of this Circular, and send it to SBV.
SBV shall access necessary information from national databases and specialized databases when examining and appraising relevant information on enterprise registration of the founding members of the microfinance institution; as well as information on residence, criminal record, degrees/diplomas, and certificates evidencing qualifications and professional expertise of individuals expected to be elected or appointed as members of the Board of Members, members of the Board of Controllers, and General Director (Director) of the microfinance institution.
Where information cannot be obtained from national or specialized databases, or where the obtained information is incomplete, SBV shall request the preparatory board to provide additional documents, papers, or written confirmations given by competent authorities as prescribed by law to verify information on enterprise registration of the founding members of the microfinance institution; and information on residence, degrees/diplomas, and certificates evidencing qualifications and professional expertise of individuals expected to be elected or appointed as members of the Board of Members, members of the Board of Controllers, and General Director (Director) of the microfinance institution.”.
Article 14. Amendments to clause 1 Article 11
The phrase “Ngân hàng Nhà nước” (“SBV”) is replaced with the phrase “Ngân hàng Nhà nước chi nhánh Khu vực” (“SBV’s regional branch”).
Article 15. Amendment and abrogation of some clauses of Article 20
1. Clause 4 is abrogated.
2. Clause 6 is amended as follows:
“6. Diplomas, degrees or certificates granted by foreign training institutions must be recognized by Vietnamese competent authorities in accordance with relevant regulations of laws (if any);”.
Article 16. Amendments to clause 1 Article 21
“1. The microfinance institution shall prepare 01 package of application documents as prescribed in Article 20 of this Circular for approval for the recommended personnel list, and send it to SBV.
SBV shall access necessary information from national databases and specialized databases when examining and appraising relevant information on residence, criminal record, degrees/diplomas, and certificates evidencing qualifications and professional expertise of individuals expected to be elected or appointed as members of the Board of Members, members of the Board of Controllers, and General Director (Director) of the microfinance institution.
Where information cannot be obtained from national or specialized databases, or where the obtained information is incomplete, the SBV shall request the microfinance institution to provide additional documents, papers, or written confirmations given by competent authorities as prescribed by law to verify information on residence, degrees/diplomas, and certificates of its recommended persons.”.
Article 17. Amendments to and abrogation of some points of clause 1 Article 30
1. Point b is abrogated.
2. Point e is amended as follows:
“c) Act as the focal point in charge of appraising applications, and getting opinions from relevant units; request the SBV’s Governor to send a written request to the authority in charge of managing the criminal record database to provide information relating to the criminal records of individuals expected to be elected or appointed as members of the Board of Members, members of the Board of Controllers, and General Director (Director) of the microfinance institution, where such criminal record information cannot be obtained from national databases or specialized databases, or where the obtained information is incomplete; give approval for, or refuse to give approval for, the list of recommended persons to be elected or appointed to become members of the Board of Members, members of the Board of Controllers, and General Director (Director) of the microfinance institution;”.
Article 18. Amendments to Article 31
“Article 31. Responsibilities of SBV’s regional branches
1. Consider issuing copies of Licenses from their master registers to microfinance institutions as prescribed in clause 1 Article 11 of this Circular.
2. Inspect, supervise, and take actions against violations committed by units affiliated to microfinance institutions located in the areas under their respective jurisdiction in accordance with provisions of law.
3. Provide their opinions for SBV (the Credit Institution Management and Supervision Department) as prescribed in point c clause 3 Article 9 of this Circular.
4. Give their written opinions using the form in Appendix XIII enclosed herewith at the request of the Credit Institution Management and Supervision Department as prescribed in point c clause 1 Article 30 of this Circular within 05 working days from the date of receipt of such request.
5. Upon receipt of a notification from a microfinance institution of its satisfaction of the requirements for commencement of operations as prescribed by the Law on Credit Institutions, examine, direct, and supervise the microfinance institution to ensure its compliance with, and maintenance of, the requirements as required by law and by SBV prior to its commencement of operations, and submit a report to SBV (the Credit Institution Management and Supervision Department) on the satisfaction of such requirements and the commencement of operations by microfinance institution.
6. Direct, provide guidance for, supervise, and examine microfinance institutions operating in the areas under their respective jurisdiction in respect of their compliance with provisions of this Circular.”.
Article 19. Amendments to Appendix X
The phrase “Cục Quản lý, giám sát tổ chức tín dụng” (“Credit Institution Management and Supervision Department”) is replace with the phrase “Ngân hàng Nhà nước chi nhánh Khu vực” (“SBV’s regional branch”).
AMENDMENTS TO CIRCULAR NO. 56/2025/TT-NHNN PRESCRIBING APPLICATIONS AND PROCEDURES FOR APPROVAL OF CHANGES OF MICROFINANCE INSTITUTIONS
Article 20. Amendments to point b clause 1 Article 4
“b) Directors of the SBV’s regional branches shall consider granting approval for the changes of microfinance institutions specified in Articles 5, 6 of this Circular.”.
Article 21. Amendments to clause 2 Article 5
“2. Procedures for granting approval:
a) The microfinance institution shall prepare an application consisting of the documents as prescribed in clause 1 of this Article and submit it to the SBV’s regional branch in charge of the area where it is headquartered. If the application is incomplete or invalid, within 03 working days from its receipt of the application, the SBV’s regional branch shall request the microfinance institution in writing to submit additional documents and complete its application;
b) Within 10 days from its receipt of a complete and valid application, the SBV’s regional branch shall issue a Decision to modify the License of the microfinance institution. If an application is refused, the SBV’s regional branch shall give a written response indicating reasons for such refusal.”.
Article 22. Amendments to some points and clauses of Article 6
1. Point c clause 1 is amended as follows:
“c) Documents proving that the microfinance institution has the rights to use, or lawfully owns, the head office at the new location as prescribed by relevant laws.
Where the document evidencing the microfinance institution’s rights to use, or lawful ownership of, the headquarters at the new location is a Certificate of land-use rights and ownership of property attached to land, and information on such Certificate is available in the national land database, the microfinance institution shall write the code of such Certificate in the application form specified at point a of this clause. In such case, the microfinance institution is not required to submit such Certificate of land-use rights and ownership of property attached to land.
Where the SBV’s regional branch in charge of the area where the microfinance institution intends to be headquartered is unable to access the relevant information from the national land database, or where the information obtained is incomplete or inaccurate, the SBV’s regional branch shall request the microfinance institution to provide a copy of the Certificate of land-use rights and ownership of property attached to land.”.
2. Clause 2 is amended as follows:
“2. Procedures for granting approval:
a) The microfinance institution shall prepare an application consisting of the documents as prescribed in clause 1 of this Article and submit it to the SBV’s regional branch in charge of the area where it intends to be headquartered. If the application is incomplete or invalid, within 03 working days from its receipt of the application, the SBV’s regional branch shall request the microfinance institution in writing to submit additional documents and complete its application;
b) Within 14 days from its receipt of a complete and valid application, the SBV’s regional branch shall issue a Decision to modify the License of the microfinance institution. If an application is refused, the SBV’s regional branch shall give a written response indicating reasons for such refusal.”.
3. Clause 3 is amended as follows:
“3. A Decision to modify the License as prescribed in clause 2 of this Article shall be valid for 12 months from the date on which it is signed.”.
4. Clause 4 is amended as follows:
“4. Where its headquarters address is changed without relocation, the microfinance institution shall submit to the SBV’s regional branch in charge of the area where it is headquartered an application form for approval of change of its headquarters address which is made using the form in Appendix III enclosed herewith.
Within 05 working days from its receipt of the application form from the microfinance institution, the SBV’s regional branch shall issue a Decision to modify the License regarding changes in the headquarters address of the microfinance institution.”.
Article 23. Amendments to point dd(iv) clause 1 Article 11
“(iv) A CV of the person authorized to represent its stakes which is made using the form in the Appendix VIII enclosed herewith;”.
Article 24. Amendments to and abrogation of some points and clauses of Article 13
1. Point c Clause 1 is abrogated.
2. Point b clause 2 is amended as follows:
“b) Within 10 days from its receipt of a complete and valid application, SBV shall grant a written approval for the suspension of transactions for 05 working days or more of the microfinance institution. If an application is refused, SBV shall give a written response indicating reasons for such refusal.”.
Article 25. Amendments to clause 1 Article 14
“1. Responsibilities of the Credit Institution Management and Supervision Department:
a) Act as the focal point in charge of receiving and appraising applications, and requesting the SBV’s Governor to consider issuing decisions on the changes of microfinance institutions as prescribed in Articles 7, 8, 9, 10, 11, 12, 13 of this Circular;
b) Request the SBV’s Governor to:
(i) Send a written request to the authority in charge of managing the criminal record database to provide information relating to the criminal records of persons authorized to represent stakes, and previous convictions of new capital-contributing members as prescribed in Article 11 of this Circular, where such criminal record information cannot be obtained from national databases or specialized databases, or where the obtained information is incomplete;
(ii) Request the People’s Committee of province or central-affiliated city where the microfinance institution is headquartered in writing to provide its opinions about the sale or transfer of all stakes of its owner when processing applications of approval of changes specified in Article 12 of this Circular;
c) Get opinions of the SBV’s regional branch in charge of the area where the microfinance institution is headquartered in the following cases:
(i) Extension of term of operation of the microfinance institution;
(ii) Sale or transfer of all stakes of the owner of the microfinance institution;
d) Notify written approvals and/or decisions to modify the License regarding changes of a microfinance institution as prescribed in Articles 7, 8, 9, 10, 11, 12, 13 of this Circular to the SBV’s regional branch in charge of the area where the microfinance institution is headquartered;
dd) Within 05 working days from the day on which SBV issues a decision to modify the License regarding the changes specified in Articles 7, 8, 9 of this Circular, the Credit Institution Management and Supervision Department shall give a written notification of such modification, enclosed with the decision to modify the License, to the relevant business registration authority for updating the National Enterprise Registration Information System.”.
Article 26. Amendments to Article 15
“Article 15. Responsibilities of SBV’s regional branches
1. Act as the focal point in charge of receiving and appraising applications, and consider issuing decisions to modify the License regarding the changes of microfinance institutions as prescribed in Articles 5, 6 of this Circular.
2. The SBV’s regional branch in charge of the area where the microfinance institution intends to be headquartered shall send a written request to the People’s Committee of province or central-affiliated city to which the headquarters of the microfinance institution is relocated to seek its opinions about such relocation, in case the headquarters of the microfinance institution is relocated to a province or city different from the one where it is headquartered, when processing of applications of approval of changes specified in Article 6 of this Circular.
3. Send Decisions to modify License regarding the changes in Articles 5, 6 of this Circular to the Credit Institution Management and Supervision Department.
4. Within 05 working days from the issue date of the Decision to modify the License regarding the changes in Articles 5, 6 of this Circular, the relevant SBV’s regional branch shall give a written notification of such modification, enclosed with the Decision to modify the License, to the relevant business registration authority for updating the National Enterprise Registration Information System.
5. Within 07 working days from its receipt of a report from the microfinance institution as prescribed in clause 3 Article 16 of this Circular, the SBV’s regional branch shall:
a) Inspect and verify the microfinance institution’s compliance with all statutory requirements regarding its headquarters according to regulations of the SBV’s Governor on microfinance institutions;
b) Issue a record confirming whether the requirements for operating at the new location have been satisfied.
6. Give opinions at the request of the Credit Institution Management and Supervision Department about extension of term of operation, and sale or transfer of all stakes of the microfinance institution’s owner.”.
1. This Circular comes into force from May 19, 2026.
2. This Circular repeals Article 7, Article 9, clause 2 Article 10, Article 13, Appendix I, and Appendix III enclosed with the Circular No. 64/2025/TT-NHNN providing amendments to the Circular No. 19/2025/TT-NHNN prescribing the operating network of microfinance institutions.
Article 28. Responsibility for implementation
Heads of SBV’s affiliated units, and microfinance institutions are responsible for the implementation of this Circular./.
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PP. GOVERNOR Doan Thai Son |
