This is the proposal of the State Bank of Vietnam in the draft Circular amending and supplementing Circular No. 26/2013/TT-NHNN dated December 5, 2013 promulgating the Service fee schedule for payment services via the State Bank of Vietnam. The draft is being consulted by the people.

According to the State Bank of Vietnam (SBV), recently, in order to contribute to solving difficulties caused by the impact of the COVID-19 pandemic, the State Bank of Vietnam has issued documents to reduce 50% of payment transaction fees through the Interbank Electronic Payment System (applicable until the end of June 30, 2021), and at the same time directed credit institutions to reduce fees to support businesses and people and those affected by the COVID-19 pandemic.

Currently, the situation of COVID-19 pandemic is still with complicated developments. Therefore, in order to continue the policy to support businesses and people in difficulties and contribute to the implementation of tasks and solutions to promote economic growth, disbursement of public investment and sustainable exports in the last months of 2021 and early 2022, the State Bank has developed a draft Circular amending and supplementing Circular No. 26/2013/TT-NHNN dated December 5, 2013 of the State Bank of Vietnam promulgating the fee schedule for payment services via the State Bank of Vietnam (draft circular) reducing 50% transaction fees through the Interbank Electronic Payment System, expected until the end of June 30, 2022.

Specifically, the draft Circular supplementing Article 1a in Circular No. 26/2013/TT-NHNN as follows: 50% reduction of payment fees at Points 1.1, 1.2, Section 1 “Transaction fees for payments made via the Interbank Electronic Payment System” in Part III “Domestic payment service fees” The fee schedule for payment services via the State Bank of Vietnam issued together with this Circular for the period from August 2021 until the end of June 30, 2022.

Kylie Nguyen