What are information of a subject issued with a bank code in Vietnam? Which agencies are responsible for revision to banking information in Vietnam?

Which agencies are responsible for revision to banking information in Vietnam?

Pursuant to Clause 6 Article 11 of the Circular 17/2015/TT-NHNN (amended by Clause 7 Article 1 of the Circular 18/2023/TT-NHNN), which takes effect from 01/07/2024:

Procedures for revising banking information

1. In respect of entities affiliated to SBV (other than SBV branches of provinces and central-affiliated cities), within 10 working days from the date on which changes to banking information under Clause 1 Article 8 hereof are made, the entities shall send written request for revision to banking information in accordance with Appendix 3 attached hereto to Information Technology Department via Document Management and Coordination system of the SBV.

2. In respect of credit institutions (other than people’s credit funds and FBBs, within 10 working days from the date on which changes to banking information, including information of dependent entities and wholly foreign-owned banks under Clause 1 Article 8 hereof are made, credit institutions and FBBs shall produce request for revision to banking information on Public Service Portal of SBV in accordance with Appendix 3 attached hereto.

3. In respect of SBV branches of provinces and central-affiliated cities and people’s credit funds, within 10 working days from the date on which changes to banking information under Clause 1 Article 8 hereof are made, SBV branches of provinces and central-affiliated cities shall produce request for revision to banking information via Public Service Portal of SBV for themselves or people’s credit funds in the provinces in accordance with Appendix 3 attached hereto.

4. In respect of State Treasury of all levels, within 10 working days from the date on which changes to banking information under Clause 1 Article 8 hereof are made, the Central State Treasury shall produce request for revision to banking information on Public Service Portal of SBV in accordance with Appendix 3 attached hereto.

5. In respect of other organizations reporting or engaging in electronic data exchange relating to SBV, once changes to banking information under Clause 1 Article 8 hereof are made, these entities shall produce request for revision to banking information on Public Service Portal of SBV in accordance with Appendix 3 hereof.

6. Upon receiving request for revision to banking information, Information Technology Department shall examine the request, cooperate with entities of SBV (in respect of request for revision to banking information of entities affiliated to SBV, credit institutions, FBBs, and other organizations holding license to operate issued by SBV) or access National Database on enterprise operation registration (in respect of request for revision to banking information of other organizations) in order to cross-examine operating conditions and veracity of banking information to be revised. Within 3 working days from the date on which adequate written request is received, Information Technology Department shall revise banking code, send results to applicants, and issue electronic notification regarding revision of banking code on Public Service Portal of SBV in accordance with Appendix 7 attached hereto;

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As regulated above, Information Technology Department of SBV is responsible for revision to banking information in Vietnam.

What are information of a subject issued with a bank code in Vietnam? Which agencies are responsible for revision to banking information in Vietnam? - image from internet

What are information of a subject issued with a bank code in Vietnam?

Based on Article 8 of Circular 17/2015/TT-NHNN, the banking information of a subject issued with a bank code includes:

- Trading name, which consists of the full name in Vietnamese (as specified in the relevant authorized document), English name, and abbreviation.

- Address of the subject issued with a bank code.

- Contact telephone number, fax number, and email address.

- Type of credit institution (for credit institutions).

- Type of unit (head office, dependent unit).

What are components of a bank code in Vietnam?

Based on Article 7 of Circular 17/2015/TT-NHNN, the bank code consists of 8 characters and is divided into 3 groups as follows:

[1] Group 1: The first 2 characters on the left represent the province or centrally-affiliated city code or a common code used for branches overseas of credit institutions.

[2] Group 2: The next 3 characters after Group 1 represent the system code assigned to the institution.

[3] Group 3: The last 3 characters represent the sequential number of each system within each province, centrally-affiliated city, or overseas location.

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