The State Bank of Vietnam issued Circular 55/2026/TT-NHNN, amending and supplementing multiple articles of Circular No. 18/2025/TT-NHNN. The document offers guidance on collecting, exploiting, and sharing information and reports from the Information System that supervises people’s credit funds and microfinance institutions’ operations.
Pursuant to the Law on the State Bank of Vietnam and the Law on Credit Institutions, the Governor of the State Bank of Vietnam has promulgated the circular. The amendments aim to improve the supervision of people’s credit funds and microfinance institutions, ensuring the safety of the system and protecting depositors’ interests.
Key Amendments
Article 1 of the circular amends and supplements several clauses, including the sharing of information and reports with Deposit Insurance of Vietnam and the Cooperative Bank of Vietnam. The scope of information and report sharing has been clarified, and units provided with shared information and reports must use them for proper purposes.
The lookup results shall be kept confidential, and in cases where the lookup results do not match, the customer making deposits shall provide information to the SBV Regional branch for verification and handling.
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The Governor of the State Bank shall promulgate guidance on the lookup of deposit-related information, including responsibilities, time limits, and commencement dates. The circular provides that appropriate technical measures must be applied to ensure the safety of personal data during the process of storing, transmitting, receiving, and sharing data in accordance with the laws on personal data protection, cyberinformation security, and regulations of the State Bank.
Implementation and Effect
The circular assigns responsibilities to various units, including the Department of Banking System Safety, the Information Technology Department, and people’s credit funds, to coordinate and implement the amendments.
This Circular takes effect from November 26, 2026.
People’s credit funds shall notify customers making deposits, publicly posting at their head offices, transaction offices, and on their websites (if any); and coordinate with commune-level People’s Committees to provide information and conduct communication on the commune’s communication media regarding the ability of customers making deposits to look up deposit-related information.
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The Deposit Insurance of Vietnam and the Cooperative Bank of Vietnam shall propose to the Governor of the State Bank (through the Department of Banking System Safety) the supplementation, amendment, or cancellation of information and reports prescribed in Article 3 of this Circular. The written request must clearly state the necessity and details of the proposals to the Governor of the State Bank, and the Department of Banking System Safety will review and submit the proposals for approval.
The circular assigns specific tasks to the Information Technology Department, including guiding the connection between information systems and assessing the necessity of documents.
Implementation Details
The Cooperative Bank of Vietnam may be provided with shared information and reports for performance of its duties with respect to the system of people’s credit funds. Units provided with shared information and reports shall use them for proper purposes, contributing to ensuring the safety of the system of people’s credit funds and microfinance institutions.
