• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Outward investment circular issued

VGP - The State Bank of Viet Nam (SBV) has issued Circular 36/2013/TT-NHNN on the opening and usage of foreign currency accounts for investing abroad.

January 12, 2014 11:35 AM GMT+7

Illustration photo

Under the newly-approved circular, after receiving a certificate for overseas investments, an investor must open an account for all transactions related to investments in foreign currencies at a competent credit institution.

The investor will also have to register with SBV or its branches in the provinces and cities.

An investor with several overseas investment projects must open an account for each project.

If a project receives investments from multiple investors, each investor must open an account for his/her investment at the same competent credit institutions in accordance with the investment certificate issued by the authorized agencies of Viet Nam.

The Department of Foreign Currency Management under the SBV is in charge of verifying the registration of overseas investments, account changes and capital transfers.

The Circular will come into force since February 14, 2014./.

By Kim Loan