Decree 26 2025 on the Function, Duties, Powers, and Organizational Structure of the State Bank of Vietnam issued?
Decree 26 2025 on the Function, Duties, Powers, and Organizational Structure of the State Bank of Vietnam issued?
On February 24, 2025, the Government of Vietnam issued Decree 26/2025/ND-CP stipulating the function, duties, powers, and organizational structure of the State Bank of Vietnam.
>>> View the full text of Decree 26 2025 here
The State Bank of Vietnam (hereinafter referred to as the State Bank) is a ministry-level body of the Government of Vietnam, the central bank of the Socialist Republic of Vietnam; performs state management functions on currency, banking activities, and foreign exchange (hereinafter referred to as currency and banking) and public services under the management scope of the State Bank; performs the central bank's function of issuing currency, providing banking services to credit institutions, and monetary services to the Government of Vietnam.
Additionally, Article 3 of Decree 26/2025/ND-CP states the organizational structure of the State Bank of Vietnam as follows:
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Department of Monetary Policy.
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Department of Payment.
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Department of Credit for Economic Sectors.
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Department of Forecasting and Statistics - Monetary and Financial Stability.
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Department of International Cooperation.
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Department of Legal Affairs.
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Department of Finance and Accounting.
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Department of Personnel Organization.
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Office.
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State Bank Inspectorate.
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Transaction Center.
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Department of Information Technology.
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Department of Issuing and Treasury Operations.
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Department of Foreign Exchange Management.
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Department of Anti-Money Laundering.
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Department of Management and Supervision of Credit Institutions.
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Department of Safety of Credit Institutions' System.
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State Bank branches in regions (Regional State Banks).
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National Credit Information Center of Vietnam.
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Banking Times.
Among these, the units specified from 1 to 18 are administrative organizations assisting the Governor of the State Bank in implementing state management functions and central banking functions; the units specified in 19 and 20 are public service providers serving the state management function of the State Bank.
The Department of Monetary Policy and the Department of Forecasting and Statistics - Monetary and Financial Stability have six divisions. The Department of Credit for Economic Sectors, the Department of International Cooperation, the Department of Finance and Accounting, and the Department of Personnel Organization have five divisions. The Department of Payment has four divisions. The Department of Legal Affairs has three divisions.
The Governor of the State Bank submits to the Prime Minister of the Government of Vietnam to issue a list of other public service providers under the State Bank of Vietnam.
The Governor of the State Bank issues decisions prescribing the functions, duties, powers, and organizational structure of the organizations, units under the State Bank according to legal regulations.
Note: Decree 26 2025 takes effect from March 01, 2025.
Decree 26 2025 on the Function, Duties, Powers, and Organizational Structure of the State Bank of Vietnam issued? (Image from Internet)
What is the annual fee through the State Bank of Vietnam?
Based on Section II of the Schedule of Fees for Payment Services through the State Bank of Vietnam issued with Circular 26/2013/TT-NHNN, the annual fee for payments through the State Bank of Vietnam is stipulated as follows:
| No. | Type of Fee | Fee Collecting Entity | Fee Paying Entity | Fee Rate |
|---|---|---|---|---|
| 1. | Annual fee for members, member units of the Inter-bank Payment System | |||
| 1.1 | Annual fee for members | State Bank Transaction Center | Members of the Inter-bank Payment System | 18,000,000 VND/year/member |
| 1.2 | Annual fee for member units | State Bank branches in provinces, centrally-affiliated cities | Members or member units of the Inter-bank Payment System | 1,500,000 VND/member unit/year |
| 2. | Annual fee for member banks participating in the clearing payment system in the same locality | State Bank branches in provinces, centrally-affiliated cities presiding over local clearing payment | Members participating in the local clearing payment system | 1,500,000 VND/member bank/year |
Note:
The annual fee is calculated and collected in December every year; in cases where the participation period of the member (or member unit) is less than a year, the fee is collected based on the actual months of participation within the year. The number of participating months is calculated as follows: if the member (or member unit) joins before the 15th of the month, the fee is charged starting from the joining month onward and vice versa; if the member (or member unit) joins from the 15th onward of the month, the fee is charged from the following month onward.
What are regulations on fee for international payment services through the State Bank of Vietnam?
Based on Section IV of the Schedule of Fees for Payment Services through the State Bank of Vietnam issued with Circular 26/2013/TT-NHNN (amended by Clause 3 Article 1 of Circular 15/2020/TT-NHNN, with some contents replaced by Clause 2 Article 8 of Circular 12/2023/TT-NHNN), the fee for international payment services through the State Bank of Vietnam is:
| No. | Type of Fee | Fee Collecting Entity | Fee Paying Entity | Fee Rate |
|---|---|---|---|---|
| 1 | Fee for Outbound Money Transfer | |||
| 1.1 | Payment in US Dollar (USD) | Department of Foreign Exchange Reserves Management, State Bank branches in provinces, centrally-affiliated cities serving customers transferring (paying) money | Credit institutions, branches of foreign banks transferring (paying) money | 0.15% of the transferred amount (Minimum 2 USD/transaction; Maximum 200 USD/transaction) |
| 1.2 | Payment in Euro (EUR) | 0.15% of the transferred amount (Minimum 2 EUR/transaction; Maximum 200 EUR/transaction) | ||
| 2 | Fee for Receiving Money from Abroad | |||
| 2.1 | Payment in US Dollar (USD) | Department of Foreign Exchange Reserves Management, State Bank branches in provinces, centrally-affiliated cities serving customers receiving money | Credit institutions, branches of foreign banks receiving money transfers | 0.05% of the transferred amount (Minimum 1 USD/transaction; Maximum 100 USD/transaction) |
| 2.2 | Payment in Euro (EUR) | 0.05% of the transferred amount (Minimum 1 EUR/transaction; Maximum 100 EUR/transaction) |
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