Reporting periods and time limit for report submission of branches of foreign banks in Vietnam

According to Article 11 of the Circular No. 35/2015/TT-NHNN of the State Bank of Vietnam, reporting periods and time limit for report submission of credit institutions and branches of foreign banks are specified as follows:

- Daily reporting periods shall be expressed as working days;

- The 10-day reporting period (3 reporting periods/month) shall be divided as follows:

the first period: from 01st to 10th of the reported month; the second period : from 11 to 20th; the third period: from 21st to the reported month ended;

- The 15-day reporting period (2 reporting periods/month) shall be divided as follows:

the first period: from 01st to 15th of the reported month; the second period: from 16th to the reported month ended;

- Monthly, quarterly, 6-month and annual reporting periods are expressed in calendar.

Concurrently, according to Clause 2 Article 11 of the Circular No. 35/2015/TT-NHNN of the State Bank of Vietnam, time limits for report submission are as follows:

- Daily reports: reporting units shall submit their daily reports by 14:00 of the working day after the reported day.

- 10-day reports and 15-day reports: reporting units shall submit their reports within 02 working days after the last day of the reported period.

- Monthly reports: reporting units shall submit their monthly reports by 12th of the month after the reported month.

- Quarterly reports: reporting units shall submit their quarterly reports not later than the first 18 days of the next quarter.

- 6-month reports: reporting units shall submit their 6-month reports not later than 20th of the month following the reported month;

- Yearly reports: reporting units shall submit their yearly reports by 20th January of the next year;

- In case the reporting period of a reporting unit is different from that in above provisions, such reporting units shall follow specific requirements on the reporting form presented in part III, Appendix 1 hereof.

Moreover, it should be noted that if the last day of the time limit for report submission falls on holidays, Tet Holidays or weekends, the submission day shall be the first following working day.

With regard to written reports, the date on the postmark of the post office where such reports are sent means the actual date of report submission. Where the report was submitted electronically, the date of report submission means the day on which transmission of the report to the Information Technology Administration is verified as successful.

In emergencies or surprise cases, the reporting unit shall submit its written report in facsimile. The official report shall be submitted in writing under clause 2, article 6 and 8 of this Circular thereafter. The actual submission date means the day on which the facsimile is sent.

View more details at the Circular No. 35/2015/TT-NHNN of the State Bank of Vietnam, effective from January 01, 2017.

Le Vy

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