HCMC – Vietcombank, MBBank, VPBank, and HDBank will enjoy a 50% reduction in reserve requirements for taking over weak banks, starting in early October.
The State Bank of Vietnam governor has issued Circular No. 23/2025/TT-NHNN amending and supplementing several articles of Circular No. 30/2019/TT-NHNN dated December 27, 2019, on the implementation of reserve requirements for credit institutions and branches of foreign banks, the Vietnam News Agency reported.
Accordingly, Article 7 of the newly issued circular adds a provision allowing a 50% reduction in reserve requirements for credit institutions that take over those commercial banks under special control, in line with the approved compulsory transfer plan under the Law on Credit Institutions.
At the same time, credit institutions receiving support under Clause 39, Article 4 of the Law on Credit Institutions will continue to enjoy a 50% reduction in reserve requirements under the approved recovery plan for credit institutions under special control.
The reduction will be calculated based on the reserve requirement ratio applicable to that institution under Clause 1, Article 6 of this circular and will apply to all types of deposits subject to reserve requirements.
The circular will take effect on October 1.
