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SBV calls for inputs for Draft Circular on forex management of foreign investment
The State Bank of Vietnam (SBV) has called upon local and foreign entities and individuals to make inputs and comments on the Draft Circular on the foreign exchange management of investment flow into Vietnam.
The Circulation aims at guiding the implementation of Decree No. 160/2006/ND-CP of the Government dated December 28, 2006 on foreign investment in Vietnam to be close to international practices and practical foreign investment performance in Vietnam.
The new Circular will cover such regulations as foreign exchange management of direct and indirect investment, opening of direct and indirect investment accounts for related forex transactions, cash flow in accounts, vouchers control, purchase of foreign currencies for out remittance, obligations of credit institutions, inspection and resolution of violations, reporting regime, etc. The draft Circular is composed of 6 articles.
The SBV is expected to get inputs and comments from the relevant ministries and agencies, the state-owned commercial banks, joint-stock commercial banks, foreign banks, Banking Working Groups. The draft Circular is posted in the SBV Website. All the inputs and comments from enterprises and the public are requested to be sent to the Email address of “Webmaster@sbv.gov.vn” or by post to the Foreign Exchange Department of the State Bank of Vietnam at 49 Ly Thai To Street in Hanoi, Vietnam.
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