The State Bank of Vietnam issued a decision announcing a new administrative procedure, processed via its single-window unit, covering approval for commercial banks and foreign bank branches to apply the internal ratings-based method. The procedure, issued under Circular 14/2025/TT-NHNN, sets out the application sequence and submission methods, required dossier components and quantities, processing timelines, eligible applicants, forms and declarations, applicable conditions and requirements, and the legal basis. The decision takes effect on 15 September 2025.
State Bank of Vietnam 2025-08-22
State Bank of Vietnam publishes single-window administrative procedure for approving use of the internal ratings-based method effective 15 September 2025
The State Bank of Vietnam announced a new administrative procedure for commercial banks and foreign bank branches to apply the internal ratings-based method, processed via its single-window unit. Issued under Circular 14/2025/TT-NHNN, it details application sequences, submission methods, required documents, processing timelines, and eligibility criteria. The decision is effective from 15 September 2025.