03 Risk Groups for Payments to the State and the State Budget

04:43, 11/07/2024

Circular 37/2018/TT-NHNN was issued by the State Bank of Vietnam to amend and supplement Circular 39/2013/TT-NHNN on the regulation of determination, provisioning, management, and utilization of risk reserves of the State Bank of Vietnam.

According to the provisions of Circular 37, payments to the State and the State Budget are divided into 03 risk groups, specifically:

Group 1:

- Advances to the State Budget within the term;- Other payments to the State within the term;- Other payments to the State without a specified repayment term, not yet refunded and have occurred for less than 01 year;

Group 2:

- Advances to the State Budget overdue for less than 05 years;- Other payments to the State with a specified repayment term, overdue for less than 05 years;- Other payments to the State without a specified repayment term, not yet refunded and have occurred from 01 year to less than 05 years;

Group 3:

- Advances to the State Budget overdue for more than 05 years;- Other payments to the State with a specified repayment term, overdue for more than 05 years;- Other payments to the State without a specified repayment term, not yet refunded and have occurred for 05 years or more.

See the new provisions at Circular 37/2018/TT-NHNN effective from February 15, 2019.

- Thanh Lam -

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