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- 07 / 09 / 2021 -
Reducing payment fees for interbank money transfer services

On August 23, 2021, the Governor of the State Bank of Vietnam issued Circular No. 13/2021/TT-NHNN amending and supplementing a number of articles of Circular No. 26/2013/TT-NHNN on the Service Fee Schedule for payment via the State Bank of Vietnam. Accordingly, this Circular stipulates the reduction of specific payment fees as follows:

50% discount on payment fees at 02 services in the Schedule “Transaction fees for payment via Interbank Electronic Payment System” from September 1, 2021, to the end of June 30, 2022, including:
• Charge for payment transactions performed via the high-value payment subsystem, specifically:
 Applied to any payment order that the payment system receives before 3:30 pm every day: Reduce from 0.01% to 0.005% of the amount paid (1,000 VND/item at a minimum; 25,000 VND/item at maximum).
 Applied to any payment order that the payment system receives from 3:30 pm to the time when the payment system stops receiving payment orders in a day: Reduce from 0.02% to 0.01% of the payment amount (2,000 VND/item at a minimum; 50,000 VND/item at maximum).
• Charge for payment transactions performed via the low-value payment subsystem is reduced from 2,000 VND/item to 1,000 VND/item.

This Circular takes effect from September 01, 2021.