Vietnam banks to fully comply to Basel II in 2020. The State Bank of Vietnam (SBV) on December 30, 2016 issued Circular 41/2016 stipulating the capital adequacy ratio for banks and foreign bank branches. Circular 41 changes the CAR requirement and the calculation of CAR ratio. The minimum CAR will be 8% instead of 9% currently and the calculation method for CAR closely follows Basel II.