Vietnam: 04 cases of registration and announcement of changes of outward investment-related forex transactions
This is a notable content specified in Circular No. 12/2016/TT-NHNN of the State Bank of Vietnam guiding the foreign exchange management for outward investment.
Article table of contents
According to Circular No. 12/2016/TT-NHNN of the State Bank of Vietnam (SBV), the investor must carry out the registration of changes of outward investment-related forex transactions with SBV when any of the following changes related to the contents of Certificate of the registration of outward investment-related forex transactions granted by SBV occurs:
- Change of the investor executing the outward investment project; change of the investor’s name; change of the investor’s address if this change results in the change of the authority competent to confirm the registration of changes of outward investment-related forex transactions;
- Change of the type of foreign currency of the investment capital account or change of the licensed credit institution where the investment capital account is opened;
- Changes related to the increase or reduction of investor’s investment capital in cash;
- Change of the progress of transfer of investment capital in cash to foreign countries in cases where the amount transferred abroad during the period is more than that of which the registration is confirmed by SBV.
View more details at Circular No. 12/2016/TT-NHNN of the State Bank of Vietnam, effective from August 13, 2016.
- Thanh Lam -
- Key word:
- Circular No. 12/2016/TT-NHNN
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