Adjustment on working time of the national interbank electronic payment system in Vietnam from April 01, 2021

Duc Thao

12:05, 15/01/2021

Recently, the State Bank of Vietnam has issued the Circular No. 21/2020/TT-NHNN amending and supplementing several articles of the Circular No. 37/2016/TT-NHNN on the management, operation and use of the national interbank electronic payment system in Vietnam.

According to the Circular No. 21/2020/TT-NHNN of the State Bank of Vietnam, working time of the national interbank electronic payment system (NIEPS) is adjusted as following:

- Time to start receiving high-value payment orders, low-value payment orders and netting results from other systems: 8:00 a.m. of working days;

- Time to start receiving foreign currency settlement orders: 9.00 a.m. of working days; (8.00 a.m. as currently prescribed)

- Time to stop receiving low-value payment orders, time to stop receiving requests for handling of netting results from other systems: 4.30 p.m. of ordinary working days; 5.00 p.m. of 02 working days at end of month; (4.00 p.m. of ordinary working days as currently prescribed)

- Time to stop receiving high-value payment orders, foreign currency payment orders: 5.00 p.m. of ordinary working days; 5.45 p.m. of 02 working days at end of month;

- Time to complete the handling or processing of payment orders in the settlement queues (if any): 30 minutes at the latest after NIEPS stops receiving payment orders:

- …

More details at the Circular No. 21/2020/TT-NHNN of the State Bank of Vietnam, takes effect from April 01, 2021.

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