The Bank Consulted The Draft Amendment Of Circular No. 01/2020 / Tt-nhnn

The Vietnam Banking Association has just issued a document calling for members to credit members to suggest comments on the draft of the Circular amending and supplementing a number of articles of the Circular No. 01/2020 / TT-NHNN. It is known that the State Bank of Vietnam has also issued Official Letter No. 5960 / NHNN-TTGSNH dated August 19, 2021 to credit institutions and foreign bank branches on the comments on the Draft Circular Amending and supplementing a number of articles of Circular No. 01/2020 / TT-NHNN dated 13/3/2020

.Circular 01 is a document issued by the Governor of the State Bank of Vietnam regulations on the organization of credit Applications and branches of foreign banks restructuring their debt repayment period, exemption, reduction of interest and fees, maintaining their debt group to support customers affected by Covid-19 translation. Circular 01 was later amended and added once by Circular 03/2021 / TT-NHNN. One of the Purposes, this revised perspective to continue to create conditions, contributing to enterprise support , people overcome Covid 19 translation, reviewing customers with new loans to recover, maintain production
The amendment also aims to minimize possible risks for banking systems. The Banking Association said that this content is important, affecting the operation of credit institutions Vietnamese banks require members of credit institutions to send documents to comment on the Official Letter No. 5960 / NHNB-TTGSNH mentioned above. Deal, the Banking Association also asks members to send comments on the Association to synthesize ./. Chi Tin

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