TO SUPPLEMENT THE REGULATIONS ON FOREIGN EXCHANGE ADMINISTRATION IN ENTERPRISE’S FOREIGN BORROWING AND FOREIGN DEBT REPAYMENT
On June 30, 2017, the State Bank of Vietnam issued the Circular No. 05/2017/TT-NHNN on amending, supplementing a number of articles of the Circular No. 03/2016/TT-NHNN dated February 26, 2016 of the State Bank of Vietnam providing several instructions on foreign exchange administration in respect of enterprise’s foreign borrowing and foreign debt repayment of enterprises.
In particular, the Circular supplements a number of contents on the registration form for foreign loans which are not guaranteed by the Government, Copy (countersigned by the borrower) of documents of competent authority on approval of foreign loans. Besides, the Government also supplement types of the borrower being commercial banks of which over 50% of the charter capital is held by the State (code SOB) into group of banks at Point 5 under guidelines on making reports of Appendix 4A and Appendix 4B promulgated together with the Circular No. 03/2016/TT-NHNN.
This Circular takes effect on August 15, 2017 and annuls the Circular No. 18/2011/TT-NHNN dated August 23, 2011
On June 30, 2017, the State Bank of Vietnam issued the Circular No. 05/2017/TT-NHNN on amending, supplementing a number of articles of the Circular No. 03/2016/TT-NHNN dated February 26, 2016 of the State Bank of Vietnam providing several instructions on foreign exchange administration in respect of enterprise’s foreign borrowing and foreign debt repayment of enterprises.
In particular, the Circular supplements a number of contents on the registration form for foreign loans which are not guaranteed by the Government, Copy (countersigned by the borrower) of documents of competent authority on approval of foreign loans. Besides, the Government also supplement types of the borrower being commercial banks of which over 50% of the charter capital is held by the State (code SOB) into group of banks at Point 5 under guidelines on making reports of Appendix 4A and Appendix 4B promulgated together with the Circular No. 03/2016/TT-NHNN.
This Circular takes effect on August 15, 2017 and annuls the Circular No. 18/2011/TT-NHNN dated August 23, 2011
On June 30, 2017, the State Bank of Vietnam issued the Circular No. 05/2017/TT-NHNN on amending, supplementing a number of articles of the Circular No. 03/2016/TT-NHNN dated February 26, 2016 of the State Bank of Vietnam providing several instructions on foreign exchange administration in respect of enterprise’s foreign borrowing and foreign debt repayment of enterprises.
In particular, the Circular supplements a number of contents on the registration form for foreign loans which are not guaranteed by the Government, Copy (countersigned by the borrower) of documents of competent authority on approval of foreign loans. Besides, the Government also supplement types of the borrower being commercial banks of which over 50% of the charter capital is held by the State (code SOB) into group of banks at Point 5 under guidelines on making reports of Appendix 4A and Appendix 4B promulgated together with the Circular No. 03/2016/TT-NHNN.
This Circular takes effect on August 15, 2017 and annuls the Circular No. 18/2011/TT-NHNN dated August 23, 2011
