Banking – Note – [NEUTRAL] – Circular 14 on capital adequacy ratio

The State Bank of Vietnam (SBV) has issued Circular 14/2025, which takes effect on September 15, 2025, and will officially replace Circular 41/2016 on January 1, 2030, though banks that meet the prudential eligibility criteria may opt for early adoption. This marks a significant milestone in strengthening the prudential framework for domestic banks and aligning Vietnam’s banking system with international standards.