The State Bank of Vietnam has set out key changes in the amended Law on Credit Institutions that rework the central bank’s powers for emergency liquidity support and collateral enforcement, following promulgation of the law under a presidential order. The amendments take effect on 15 October 2025. The three-article law adjusts decision-making authority for special loans by the State Bank of Vietnam at 0% per year and without collateral, with the stated aim of enabling timely liquidity support to credit institutions while safeguarding the safety and security of the credit institution system. It also introduces provisions on the right to seize collateral, rules on attachment of collateral, and the return of collateral that constitutes evidence in a criminal case. The National Assembly approved the amendments with 435 of 443 participating deputies voting in favour. Following passage of the law, the Government will direct the State Bank of Vietnam to coordinate with relevant agencies to review, assess and propose measures to implement and enforce the amendments.
State Bank of Vietnam 2025-07-12
State Bank of Vietnam details amended Credit Institutions Law granting it authority over 0 percent unsecured special loans and stronger collateral enforcement powers
The State Bank of Vietnam has amended the Law on Credit Institutions, enhancing its powers for emergency liquidity support and collateral enforcement, effective 15 October 2025. The law allows the central bank to issue special loans at 0% interest without collateral and introduces rules on collateral seizure and attachment. The amendments were approved by the National Assembly with overwhelming support.