Regulations on security motor vehicles in Vietnam as of February 12, 2024

Regulations on security motor vehicles in Vietnam as of February 12, 2024 (Internet image)

Regarding this issue, LawNet would like to answer as follows:

1. Regulations on security motor vehicles from February 12, 2024

- Security motor vehicles shall be fitted with storage compartments for money, valuables, and valuable instruments; firefighting equipment, tracking devices (if any), and seats for escort and guard personnel.

- Storage compartments shall meet technical standards below:

+ In respect of trucks: Storage compartments are in enclosed box shape with 3 layers. The inner and outer layers are of stainless steel or steel treated for rust resistance and of minimum thickness of 1 mm (in respect of outer layer) and minimum thickness of 2 mm (in respect of inner layer); the middle layer is of fire-resistance-rated materials. Doors of storage compartments shall have 1 layer;

+ In respect of other types of vehicles: Storage compartments are in enclosed box shape with 3 layers (not including original vehicle body of manufacturers).

The inner and outer layers are of stainless steel or steel treated for rust resistance and of minimum thickness of 1 mm (in respect of outer layer) and minimum thickness of 2 mm (in respect of inner layer); the middle layer is of fire-resistance-rated materials. Doors of storage compartments shall be of 2 layers where the outer layer is original doors of the vehicles.

If storage compartments include ports for observation from and to driver’s cabins, the ports shall be of 2 layers: the inner layer consists of vertical steel bars of ɸ12, evenly distributed, and no more than 60 mm apart from one another; the outer layer consists of transparent materials and steel mesh;

+ Doors of storage compartments is firmly hinged, bolted, locked (keys and locks, analog keypads, electronic keypads), and of a dimension convenient for handling.

+ Storage compartments shall be equipped with lights, security alarm devices, fire alarm devices, and surveillance camera (if any).

(Article 8 of Circular 23/2023/TT-NHNN)

2. General provisions regarding vault in Vietnam as of February 12, 2024

- Vaults shall be built in headquarters of credit institutions and FBBs; have sufficient useable area for preservation of money, valuables, and valuable instruments.

General Directors (Director) of credit institutions and FBBs shall decide on construction of vaults outside of headquarters of credit institutions, and FBBs while adhering to technical requirements of vaults under this Circular.

- Vault location shall be reasonable and convenient so as to ensure secure and safe vault operation.

- Vaults shall be fitted with equipment systems.

- Credit institutions and FBBs providing asset storage service, leasing safe deposit boxes shall utilize vault spaces with separate doors in accordance with standards on vault doors or separate vaults; or situate separate deposit boxes or safes in vaults and vault spaces to facilitate asset preservation service.

(Article 4 of Circular 23/2023/TT-NHNN)

3. Structure and technical standards of vault in Vietnam as of February 12, 2024

- Floors, walls, and ceilings of vaults shall be made of reinforced concrete, connected to form a cube shape, and compliant with standards below:

+ Floors of vaults are even and flat. Layers of vault floors, in descending order, include: Surface layer that is non-slip and resistant to compression and collision; reinforced concrete; masonry concrete; sand; soil, and treatment for termite and moist resistance;

If vaults are built above the ground floor, technical standards of vault floors shall be similar to those of vault ceilings and vault floors shall be fitted with non-slip, compression resistant, and collision-resistant surface;

+ Vault walls shall be of a height appropriate to that of storey where the vaults are located;

+ Vault ceilings shall be of whole reinforced concrete blocks;

+ Vault protective corridors (if any) shall be fitted with separate doors and security alarm system to prevent intruders;

+ Vents shall be appropriately located on vault walls, vault space walls, and intermediate space walls (if any);

+ Elevators shall serve vaults located above the ground floor or in the basements for transporting money, valuables, and valuable instruments.

- Vaults at headquarters and branches of credit institutions, headquarters of FBBs shall meet minimum technical standards under Appendix I attached hereto.

(Article 5 of Circular 23/2023/TT-NHNN)

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