Supplementary Scope of Regulation on Foreign Loan Management for Enterprises

19:29, 10/07/2024

Circular 05/2017/TT-NHNN was issued by the State Bank of Vietnam on June 30, 2017, supplementing the scope of regulation concerning the management of foreign loans by enterprises.

Circular 05 stipulates the registration, registration of changes, and reporting policies for foreign loans in the form of international bond issuance by enterprises not guaranteed by the Government of Vietnam, implemented according to separate regulations of the State Bank of Vietnam (hereinafter referred to as the State Bank).

In addition, Circular 05 also provides for copies in the loan registration dossier as follows:

A copy (certified by the Borrower) of the document from the competent authority approving the foreign loan in accordance with the law on the assignment and decentralization of performing the rights, responsibilities, and obligations of the state owner for state enterprises and state capital invested in enterprises for the Borrower being a state enterprise, except for cases where the Borrower is a commercial bank wholly owned by the State.

See details at Circular 05/2017/TT-NHNN, effective from August 15, 2017.

- Thao Uyen -

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