What are the general provisions regarding vaults of credit institutions and foreign bank branches in Vietnam under the Circular 23/2023/TT-NHNN?
- What are the general provisions regarding vaults of credit institutions and foreign bank branches in Vietnam under the Circular 23/2023/TT-NHNN?
- What are the regulations on the structure and technical standards of vaults of credit institutions and foreign bank branches in Vietnam in 2024?
- What are the regulations for equipment system installed at vaults of credit institutions and foreign bank branches in Vietnam?
What are the general provisions regarding vaults of credit institutions and foreign bank branches in Vietnam under the Circular 23/2023/TT-NHNN?
Pursuant to the provisions of Article 4 of Circular 23/2023/TT-NHNN, the general provisions regarding vault are as follows:
- Vaults shall be built in headquarters of credit institutions and FBBs; have sufficient useable area for preservation of money, valuables, and valuable instruments.
General Directors (Director) of credit institutions and FBBs shall decide on construction of vaults outside of headquarters of credit institutions, and FBBs while adhering to technical requirements of vaults under this Circular.
- Vault location shall be reasonable and convenient so as to ensure secure and safe vault operation.
- Vaults shall be fitted with equipment systems.
- Credit institutions and FBBs providing asset storage service, leasing safe deposit boxes shall utilize vault spaces with separate doors in accordance with standards on vault doors or separate vaults; or situate separate deposit boxes or safes in vaults and vault spaces to facilitate asset preservation service.
What are the general provisions regarding vaults of credit institutions and foreign bank branches in Vietnam under the Circular 23/2023/TT-NHNN?
What are the regulations on the structure and technical standards of vaults of credit institutions and foreign bank branches in Vietnam in 2024?
Pursuant to the provisions of Article 5 of Circular 23/2023/TT-NHNN, there are regulations on the structure and technical standards of vaults of credit institutions and foreign bank branches as follows:
- Floors, walls, and ceilings of vaults shall be made of reinforced concrete, connected to form a cube shape, and compliant with standards below:
+ Floors of vaults are even and flat. Layers of vault floors, in descending order, include: Surface layer that is non-slip and resistant to compression and collision; reinforced concrete; masonry concrete; sand; soil, and treatment for termite and moist resistance;
If vaults are built above the ground floor, technical standards of vault floors shall be similar to those of vault ceilings and vault floors shall be fitted with non-slip, compression resistant, and collision-resistant surface;
+ Vault walls shall be of a height appropriate to that of storey where the vaults are located;
+ Vault ceilings shall be of whole reinforced concrete blocks;
+ Vault protective corridors (if any) shall be fitted with separate doors and security alarm system to prevent intruders;
+ Vents shall be appropriately located on vault walls, vault space walls, and intermediate space walls (if any);
+ Elevators shall serve vaults located above the ground floor or in the basements for transporting money, valuables, and valuable instruments.
- Vaults at headquarters and branches of credit institutions, headquarters of FBBs shall meet minimum technical standards under Appendix I attached to Circular 23/2023/TT-NHNN.
What are the regulations for equipment system installed at vaults of credit institutions and foreign bank branches in Vietnam?
Pursuant to the provisions of Article 7 of Circular 23/2023/TT-NHNN, equipment system installed at vaults of credit institutions and foreign bank branches must meet the following requirements:
(1) Vaults shall be fitted with the following equipment system:
- Power supply for stable operation of other equipment system and backup power supply in case of power grid outage. Circuit breakers outside of vaults; switches and sockets inside vaults serving operation of other equipment systems in vaults;
Vaults shall be fitted with lighting systems that emit little heat and are protected by casing or cover, grid lighting, and emergency lighting (if any);
- Fans of adequate capacity in vents to ensure proper ventilation and reduce contamination. Air expelled from vaults shall not contaminate adjacent work areas;
- Fire alarm and firefighting system in accordance with regulations of fire authorities and compliant with National Standards on fire prevention and firefighting;
- Security system for alarming trespassers and detecting trespassers such as:
+ Infrared detectors installed in vaults; intermediate spaces and protective corridors (if any) to control movement in these areas;
+ Switches installed on the inside of: outside of vault doors; vault space doors, intermediate space doors, protective corridor doors (if any) and other necessary doors;
+ Emergency alarm buttons installed in vaults; intermediate spaces (if any) and other necessary areas in case of emergencies;
- Surveillance cameras in necessary positions to observe vault doors; intermediate spaces, protective corridors, transport staircases (if any); inside vaults (if necessary) and other necessary areas. Surveillance system must record, play, and extract images serving management, observation, monitoring, and supervision.
(2) All equipment systems are managed, used, and monitored, examined on a regular basis. Equipment control panels shall be located in secure location, able to maintain confidentiality of parameters, and convenient for management and use.
(3) Equipment systems installed at vaults of headquarters, branches of credit institutions and headquarters of FBBs shall meet minimum requirements under Clause 1 of this Article.
Circular 23/2023/TT-NHNN comes into force from February 12, 2024
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