Circular 24/2026/TT-NHNN amend Circulars 14/2024/TT-NHNN, 36/2024/TT-NHNN asset classification for microfinance and cooperative credit institutions

CIRCULAR

Amending and supplementing a number of articles of Circular No. 14/2024/TT-NHNN on classification of assets of microfinance institutions and Circular No. 36/2024/TT-NHNN on classification of assets of cooperative 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 under Law No. 96/2024/QH15;

Pursuant to Decree No. 26/2025/ND-CP defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Department of Banking System Safety;

The Governor of the State Bank of Vietnam hereby promulgates the Circular amending and supplementing a number of articles of Circular No. 14/2024/TT-NHNN on classification of assets of microfinance institutions and Circular No. 36/2024/TT-NHNN on classification of assets of cooperative credit institutions.

Chapter I

AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 14/2024/TT-NHNN ON CLASSIFICATION OF ASSETS OF MICROFINANCE INSTITUTIONS

Article 1. To amend and supplement Article 7

“Article 7. Responsibilities of the State Bank’s units

1. The SBV Inspectorate shall, within its competence and in accordance with the law, conduct inspections and examinations and handle violations relating to loan classification, setting aside and use of risk provisions by microfinance institutions.

2. The Credit Institution Supervision Department shall, within its competence and in accordance with the law, supervise the classification of loans, setting aside and use of risk provisions by microfinance institutions.

3. The Finance and Accounting Department shall, based on the provisions of this Circular, formulate and submit to the Governor of the State Bank guidance documents on the implementation of the relevant accounting regime in accordance with the law.

4. The SBV Regional branches shall, within its competence and in accordance with the law, conduct inspections, supervision and examinations and handle violations relating to loan classification, setting aside and use of risk provisions by microfinance institutions’ affiliated units within their respective localities.”.

Article 2. To remove the phrase in Article 9

To remove the phrase “the Chief of the Office, and the Chief of the Banking Supervision Agency,”.

Chapter II

AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF CIRCULAR NO. 36/2024/TT-NHNN ON CLASSIFICATION OF ASSETS OF COOPERATIVE CREDIT INSTITUTIONS

Article 3. To replace and remove the phrases in Articles 4, 5, 6 and 15

1. To replace the phrase “the Chief of the Banking Supervision Agency” with the phrase “the Director of the Credit Institutions Supervision Department” at Point a, Clause 2, Article 4; Clause 4, Article 5, and Point a, Clause 2, Article 7.

2. To replace the phrase “State Bank branches of provinces and centrally-run cities” with the phrase “SBV Regional branches” at Point b, Clause 2, Article 4; Clause 4, Article 5; and Point b, Clause 2, Article 7.

3. To remove the phrase “the Chief of the Office, and the Chief of the Banking Supervision Agency,” in Article 15.

Article 4. To amend and supplement Article 12

“Article 12. Responsibilities of the State Bank’s units

1. The SBV Inspectorate shall, within its competence and in accordance with the law, conduct inspections and examinations and handle violations relating to loan classification, off-balance sheet commitments, setting aside and use of risk provisions by cooperative banks.

2. The Credit Institutions Supervision Department shall:

a) Receive the internal credit rating system of the cooperative banks in accordance with Article 5 of this Circular;

b) Receive the cooperative banks’ internal regulations on credit extension, debt management and risk provisioning policy in accordance with Article 7 of this Circular;

c) Supervise the implementation of loan classification, off-balance sheet commitments, setting aside and use of risk provisions by cooperative banks according to the competence as prescribed by law.

3. The Finance and Accounting Department shall, based on the provisions of this Circular, formulate and submit to the Governor of the State Bank guidance documents on the implementation of the relevant accounting regime in accordance with the law.

4. The SBV Regional branches shall:

a) Receive the internal credit rating system of the people's credit funds in accordance with Article 5 of this Circular;

b) Receive the people's credit funds’ internal regulations on credit extension, debt management and risk provisioning policy in accordance with Article 7 of this Circular;

b) Conduct inspection, supervision, examination and handling violations, within the competence and in accordance with the law, in the implementation of loan classification, off-balance sheet commitments, setting aside and use of risk provisions by affiliated units of cooperative banks and people's credit funds within their respective localities.”

Chapter III

IMPLEMENTATION PROVISIONS

Article 5. Responsibility for implementation organization

Heads of units under the State Bank of Vietnam, cooperative banks, people's credit funds and microfinance institutions shall implement this Circular.

Article 6. Effect

This Circular takes effect from August 03, 2026./.

For the Governor

Deputy Governor

DOAN THAI SON