Requirements for equipment systems installed at vaults of banks in Vietnam

Requirements for equipment systems installed at vaults of banks in Vietnam
Dương Châu Thanh

On December 29, 2023, the Governor of the State Bank of Vietnam promulgated Circular No. 23/2023/TT-NHNN on National Technical Standards on Vaults and Security Vehicles of Credit Institutions and Foreign Bank Branches.

Requirements for equipment systems installed at vaults of banks in Vietnam 

According to the Circular, the requirements for equipment systems installed at vaults of credit institutions or foreign bank branches are as follows:  

(1) Vaults shall be fitted with the following equipment systems: 

- 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;

+ 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;

- 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 foreign bank branches shall meet minimum requirements according to (1). 

See more details in Circular No. 23/2023/TT-NHNN of Vietnam, effective as of February 12, 2024.

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