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Hanoi, March 28, 2025 — The Vietnam Leasing Association (VILEA) successfully organized a seminar and training session to implement Circular 62/2024/TT-NHNN issued by the State Bank of Vietnam (SBV). The event brought together a large number of executives, key personnel, and relevant staff from member institutions, regulatory agencies, and industry experts.

Circular 62: A Legal Foundation for Strategic Transformation

In his opening speech, Mr. Nguyễn Thiều Sơn, Chairman of VILEA, emphasized the significance of Circular 62 in shaping the transformation of non-bank credit institutions:

“Training and disseminating the contents of Circular 62 is especially important in the current context. This Circular serves as a crucial legal foundation for non-bank credit institutions to transition in a methodical and compliant manner. It also creates opportunities to enhance financial capacity and expand business operations and services.”

Mr. Nguyễn Thiều Sơn, General Director of BSL Finance Leasing Co., Ltd. and Chairman of the Association, delivers opening remarks at the Seminar on Circular 62.

Mr. Sơn expressed confidence that the seminar would help members better understand the new regulations, develop suitable transition roadmaps, and ensure effective and consistent implementation. He also highlighted the importance of feedback from member institutions in helping regulators make timely and appropriate adjustments.

Constructive Dialogue Promptly Addressing Regulatory Concerns

The seminar was chaired by Mr. Phạm Xuân Hoè, Secretary General of VILEA. The discussion session was dynamic, reflecting the strong interest of VILEA’s member organizations in the implications of the new regulations.

Participants raised numerous questions and shared real-world challenges encountered during preparations for the upcoming transition. Representatives from the SBV’s Department of Credit Institutions System Safety and Department of Supervision and Management of Credit Institutions provided detailed presentations and guidance.

Representatives from finance leasing companies discuss key issues related to Circular 62.

Key topics discussed included:

• Comprehensive guidance on the procedures and conditions for transitioning non-bank credit institutions.
• In-depth analysis of new regulations in Circular 62/2024/TT-NHNN, with a focus on Article 4, Clause 4, Point b, regarding the shift from specialized financial companies to general financial companies.
• Direct responses to implementation challenges, covering legal issues, operational conditions, and risk management following the transition.

Strengthening the Role of the Association in Supporting Members

This event once again affirmed VILEA’s active role in connecting and supporting its members in adapting to regulatory changes promptly and effectively. By doing so, the Association continues to contribute to enhancing transparency, operational efficiency, and the overall stability of the non-bank financial market.

Looking ahead, VILEA will continue to organize specialized training programs and thematic workshops to help members navigate policy changes and strengthen their competitive capabilities.

My Hoàng