On December 31, 2020, the State Bank of Vietnam issued Circular No. 21/2020/TT-NHNN amending and supplementing a number of articles of Circular No. 37/2016/TT-NHNN dated December 30, 2016. of the Governor of the State Bank of Vietnam providing for the management, operation and use of the national banking electronic payment system.
Accordingly, this Circular has adjusted the working time of the interbank payment system (“IP System”), specifically as follows:
a) Time to start receiving high-value payment orders, low-value payment orders and netting results from other systems: 8:00 am of working days;
b) Time to start receiving foreign settlement orders: 9.00 am of working days;
c) Time to stop receiving low-value payment orders, time to stop receiving requests for handling of netting results from other systems: 4.30 pm of ordinary working days; 5.00 pm of 02 working days at end of month;
d) Time to stop receiving high-value payment orders, foreign payment orders: 5.00 pm of ordinary working days; 5.45 pm of 02 working days at end of month;
dd) Time to complete the handling of payment orders in the settlement queues (if any): 30 minutes at the time that IP System stops receiving payment order;
e) Time to perform end-of-day tasks (checking of comparison conditions, data comparison and verification with the National Payment Service Center): promptly after the time prescribed in point dd of this clause.”.
This document takes effect from April 1, 2021.