Export processing enterprises allowed to use convertible currencies in settlements

The Governor of the State Bank of Vietnam (SBV) issued Document No.9895/NHNN-QLNH on November 7,2008 to allow enterprises to use convertible foreign currencies and/or VND via their accounts with credit institutions in purchasing goods and services, transferring, and other transactions.

The enterprises governed by this Document include export processing enterprises, enterprises operating in the export processing zones, and enterprises operating outside the export processing zones.

This document will not cease to exist until SBV issues a guiding circular on settlements of export processing enterprises.

SBV

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