Vietnam: What is the application form for receipt of foreign currencies in cash from goods exported to Cambodia?
- Vietnam: What is the application form for receipt of foreign currencies in cash from goods exported to Cambodia?
- Who is the applicant for receipt of foreign currencies in cash from goods exported to Cambodia?
- Vietnam: What are the applications and procedures to apply for a license for receipt of foreign currencies in cash from goods exported to Cambodia?
Vietnam: What is the application form for receipt of foreign currencies in cash from goods exported to Cambodia?
The application form for receipt of foreign currencies in cash from goods exported to Cambodia is currently the form in Appendix 03 issued with Circular 23/2022/TT-NHNN.
Download the application form for receipt of foreign currencies in cash from goods exported to Cambodia: Here.
Vietnam: What is the application form for receipt of foreign currencies in cash from goods exported to Cambodia? (Image from the Internet)
Who is the applicant for receipt of foreign currencies in cash from goods exported to Cambodia?
Pursuant to the provisions of Clause 1, Article 2 of the Payment Regulation issued together with Decision 14/2004/QD-NHNN, Clause 1, Article 8 of Decision 17/2004/QD-NHNN is amended and supplemented by Clause 1 Article 2 Circular 23/2022/TT-NHNN.
Subjects applying for license for receipt of foreign currencies in cash from goods exported to Cambodia are Vietnamese traders wishing to collect foreign currency cash from exports to Cambodia, including:
- Enterprises of all economic sectors established and operating in accordance with Vietnamese law;
- Individual households are allowed to do import and export business in accordance with the law;
- Border residents;
Accordingly, Vietnamese traders are entitled to receive cash payments in foreign currencies through the sale of goods and provision of services to Cambodian traders in cases where traders of both sides cannot make payments through the Bank; does not apply to Vietnamese traders who are allowed to use foreign currencies in cash to pay for imported goods and provide services from Cambodia.
Vietnam: What are the applications and procedures to apply for a license for receipt of foreign currencies in cash from goods exported to Cambodia?
Applications and procedures to apply for a license for receipt of foreign currencies in cash from goods exported to Cambodia must comply with the provisions of Clause 1, Article 8 of Decision 17/2004/QD-NHNN as amended and supplemented by Clause 1, Article 2 of Circular 23/2022/TT-NHNN, Section 5, Part II Administrative procedures promulgated together with Decision 99/QD-NHNN in 2023.
As follows:
(1) Profile
- An application form made according to the form in Appendix 03 issued together with Circular 23/2022/TT-NHNN;
- A copy of the written acceptance of the competent authority in the case of temporarily suspended exports and conditional exports;
- A copy of the commercial contract signed with the Cambodian trader with an agreement on a method of payment in a freely convertible foreign currency (certified by the legal representative of the enterprise);
- A copy of the commercial contract signed with the Cambodian trader with an agreement on the method of payment in foreign currency, free of cash conversion (certified by the legal representative of the enterprise).
(2) Order and procedures
- Step 1: Vietnamese traders export goods and services to Cambodia. In case it is not possible to pay via bank, they shall submit a dossier to the State Bank branch of the province or city in the locality where the enterprise is located the head office applies for a license to collect foreign currency in cash;
How to perform:
+ Head office of administrative agencies (directly at the Single-window Department);
+ Via postal service.
- Step 2: After receiving a complete set of documents from a Vietnamese trader applying to collect foreign currency in cash, the Director of the State Bank's branch in the province or city shall consider and settle it.
- Step 3: Within 7 working days from the date of receipt of a complete and valid dossier, the State Bank branch of the province or city shall approve or disapprove the granting of a license for the enterprise to collect foreign currency in cash (with state the reason).
Results of administrative procedures: License to collect foreign currency cash from export to Cambodia.
Time limit for settlement: 7 working days from the date the State Bank branch in the province or city receives the complete and valid application.
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