Vietnam central bank to drop interbank loan‑deposit limit rules

The State Bank of Vietnam (NHNN) has decided to remove all provisions on loan and deposit limits in the interbank market from a draft circular governing lending, deposit‑taking, and securities transactions among credit institutions and foreign bank branches. After a public consultation, the regulator concluded that such limits are merely internal risk‑control measures, not contractual commitments, and that existing law already covers them. Consequently, sections of the draft that set out limit‑based transactions and related clauses were deleted, simplifying the regulatory framework.

The NHNN also accepted other technical proposals, such as allowing electronic transaction amendments, shortening mandatory confirmation content, and recognising SWIFT‑based confirmations. Requests to extend loan or deposit terms beyond the short‑term nature of interbank dealings were rejected, with the regulator emphasizing that the current rules, aligned with the 2012 circular and international practice, remain appropriate.