Guiding the applications for transformation of the License for foreign currency receipt and expenditure and other foreign exchange transactions in Vietnam

Specifically, according to the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, in case of need, the enterprise may apply for transformation of the written approval into the License for foreign currency receipt and expenditure and other foreign exchange transactions. The enterprise shall submit directly or send by post 02 applications for the License to the branch of the State Bank of the place where the casino is located. The application shall contain:

- An application form for transformation into the License;

- A certified true copy or a copy enclosed with the original of the Certificate of investment registration or the decision on investment policy;

- A certified true copy or a copy enclosed with the original of the Certificate of eligibility for casino business (if any);

- A set of regulations on internal management and controlling of foreign currency receipt and expenditure signed by the representative at law of the enterprise;

- The issued written approval for the receipt and expenditure of cash in foreign currencies and other foreign exchange transactions;

- A report on the foreign currency receipt and expenditure and other foreign exchange transactions related to casino business since the State bank of Vietnam has been issued with the written approval.

Note: The application shall be sent to the State bank of Vietnam according to regulations in clause 2 Article 32 of this Decree. The License shall be issued according to regulations in clause 3 Article 32 of this Decree.

View more details at the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, effective from March 15, 2017.

Ty Na

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