meta_id 3172697

On May 19, 2026, the State Bank of Vietnam (SBV) issued Circular No. 12/2026/TT-NHNN, which amends and supplements certain provisions of Decision No. 38/2007/QĐ-NHNN issued by the Governor of the State Bank of Vietnam. The original decision established regulations governing the issuance, use, and management of organization codes for bank card issuers in Vietnam. Circular No. 12/2026/TT-NHNN modifies the existing framework for bank card organization code management, which forms part of Vietnam's broader payment systems infrastructure. The organization code system is essential for identifying and regulating entities authorized to issue payment cards within the Vietnamese financial system. This circular represents an update to the regulatory framework that governs how financial institutions and payment service providers manage and utilize these identification codes. The SBV announced this regulatory change through an official press release dated May 20, 2026. The circular is one of several regulatory amendments the SBV issued on May 19, 2026, reflecting broader efforts to streamline administrative procedures and update payment system regulations. Related circulars issued on the same date address microfinance institutions, credit information procedures, payment intermediary services, and cashless payment services, indicating a comprehensive regulatory modernization effort by the central bank. Financial institutions and entities involved in card issuance and payment processing should review the amended provisions to ensure compliance with the updated requirements. The specific effective date and detailed implementation requirements are contained within the full text of Circular No. 12/2026/TT-NHNN.