Circular 10/2023/TT-NHNN cease the effect of a number of provisions of Circular 39/2016/TT-NHNN, provision of loans by credit institutions

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Circular No. 10/2023/TT-NHNN dated August 23, 2023 of the State Bank of Vietnam on the cessation of effect of a number of contents of Circular No. 39/2016/TT-NHNN of December 30, 2016, of the Governor of the State Bank of Vietnam, on the provision of loans by credit institutions and foreign bank branches to clients (which was supplemented under Circular No. 06/2023/TT-NHNN of June 28, 2023, of the Governor of the State Bank of Vietnam)
Issuing body: State Bank of VietnamEffective date:
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Official number:10/2023/TT-NHNNSigner:Pham Thanh Ha
Type:CircularExpiry date:Updating
Issuing date:23/08/2023Effect status:
Known

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Fields:Finance - Banking

SUMMARY

Cease the effect of provisions of Clauses 8, 9, and 10 Article 8 of Circular 39/2016/TT-NHNN

On August 23, 2023 of the State Bank of Vietnam issues Circular No. 10/2023/TT-NHNN on cessation of the effect of a number of provisions of the Governor of the State Bank of Vietnam’s Circular No. 39/2016/TT-NHNN dated December 30, 2016, prescribing the provision of loans by credit institutions and foreign bank branches to clients (supplemented under the Governor of the State Bank of Vietnam’s Circular No. 06/2023/TT-NHNN dated June 28, 2023). To be specific:

From September 1, 2023, cease the effect of the provisions of Clause 8, Clause 9 and Clause 10 Article 8 of Circular No. 39/2016/TT-NHNN (supplemented under Circular No. 06/2023/TT-NHNN) until the effective date of the newly issued legal document providing for regulations on these provisions.

This Circular takes effect from September 1, 2023.

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Effect status: Known

THE STATE BANK OF VIETNAM

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 10/2023/TT-NHNN

 

Hanoi, August 23, 2023

CIRCULAR

On the cessation of effect of a number of contents of Circular No. 39/2016/TT-NHNN of December 30, 2016, of the Governor of the State Bank of Vietnam, on the provision of loans by credit institutions and foreign bank branches to clients (which was supplemented under Circular No. 06/2023/TT-NHNN of June 28, 2023, of the Governor of the State Bank of Vietnam)[1]

Pursuant to the June 16, 2010 Law on the State Bank of Vietnam;

Pursuant to the June 16, 2010 Law on Credit Institutions, and the November 20, 2017 Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions;

Pursuant to the Government’s Decree No. 102/2022/ND-CP of December 12, 2022, defining 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 the Circular on the cessation of effect of a number of contents of Circular No. 39/2016/TT-NHNN of December 30, 2016, of the Governor of the State Bank of Vietnam, on the provision of loans by credit institutions and foreign bank branches) to clients (which was supplemented under Circular No. 06/2023/TT-NHNN of June 28, 2023, of the Governor of the State Bank of Vietnam).

Article 1. To cease the effect of Clauses 8, 9 and 10, Article 8 of Circular No. 39/2016/TT-NHNN of December 30, 2016, of the Governor of the State Bank of Vietnam, on the provision of loans by credit institutions and foreign bank branches to clients (which was supplemented  under Clause 2, Article 1 of Circular No. 06/2023/TT-NHNN of June 28, 2023, of the Governor of the State Bank of Vietnam, amending and supplementing a number of articles of Circular No. 39/2016/TT-NHNN), from September 1, 2023, to the effective date of the new legal document regulating these issues.

Article 2. Implementation provisions 

This Circular takes effect on September 1, 2023.

Article 3. Responsibility for organization of implementation

The Chief of the Office, the Director of the Monetary Policy Department, and heads of units of the State Bank of Vietnam, directors of provincial-level branches of the State Bank of Vietnam, credit institutions and foreign bank branches shall organize the implementation of this Circular.-

For the Governor of the State Bank of Vietnam
Deputy Governor
PHAM THANH HA

 

[1] Công Báo Nos 969-970 (04/9/2023)

 

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