pc
nid 92726
May 22, 2026
pthandapani@vixio.com
Vietnam
The State Bank Of Vietnam
financial services
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1561 charsVietnam's State Bank Publishes Circular Amending Cheque Operations and Supply Regulations
On May 19, 2026, the State Bank of Vietnam (SBV) published Circular No. 20/2026/TT-NHNN, which amends and supplements provisions of Circular No. 22/2015/TT-NHNN governing cheque operations and supply activities.
The circular modifies existing regulations on cheque provision and usage within Vietnam's banking system. This update forms part of a broader regulatory package released by the SBV on May 19, 2026, which included multiple circulars addressing administrative procedure simplification, decentralisation, and streamlining across various banking and financial sectors. The SBV simultaneously issued related circulars addressing payment service intermediaries, non-cash payment services, credit information procedures, microfinance institutions, and banking sandbox mechanisms, reflecting the central bank's commitment to modernising and simplifying banking operations.
The amendments to cheque regulations reflect ongoing efforts to adapt Vietnam's payment infrastructure to contemporary banking practices. Cheques remain a payment instrument within Vietnam's financial system, and the regulatory updates ensure that operational frameworks remain current and aligned with banking sector developments.
The circular became effective upon publication on May 19, 2026. Financial institutions and other entities engaged in cheque issuance, distribution, and processing must ensure compliance with the amended provisions. The State Bank of Vietnam's website provides access to the full text of Circular No. 20/2026/TT-NHNN and related regulatory documents.
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1300 charsState Bank of Vietnam Publishes Circular Amending Cheque Operations and Supply Regulations
The State Bank of Vietnam (SBV) has released a press release announcing the issuance of Circular No. 20/2026/TT-NHNN, which amends and supplements Circular No. 22/2015/TT-NHNN regulating the provision and use of cheques.
The circular prescribes:
Online submission and data utilization adding regulations that allow cheque-providing organizations to submit applications online via the National Public Service Portal, and permitting the exploitation of existing information from specialized databases to replace certain application components in line with administrative reform and mandatory data-sharing rules.
Administrative processing and result delivery amending the timelines and methods for returning the results of administrative procedures and online applications to align with e-transaction laws and the single-window mechanism at the National Public Service Portal.
Terminology updates and transitional provisions updating specific terminology to ensure consistency with current legal frameworks, and introducing transitional clauses for cheque-providing organizations to adapt their operations.
The circular comes into effect on July 4, 2026, to allow sufficient time for organizations to amend their internal procedures and for the SBV to update the relevant administrative IT systems.