Recently, the Governor of the State Bank of Vietnam issued Circular No. 17/2013/TT-NHNN guiding on the foreign exchange control with regard to the issuance of international bonds by enterprises that are not guaranteed by the Government.
According to Article 13 of Circular No. 17/2013/TT-NHNN of the State Bank of Vietnam, the process of performing registration for the issuance of international bonds by enterprises that are not guaranteed by the Government includes 03 steps as follows:
Step 1: After selecting underwriting institutions, agents and legal consultants, the enterprise shall, directly or via post service, send one (01) set of dossier to the State Bank (foreign exchange management department) as provided for in Article 12 of this Circular for the issuance registration. For documents as provided for in Clause 5, Clause 6 Article 12 of this Circular, the enterprises shall send the final drafts with detailed conditions of the bonds.
Step 2: Written ten (10) days, after receiving a sufficient registration dossier of enterprise, the state bank shall check the sufficiency and validity of the dossier. In case where it is necessary to clarify, supplement or revise related content, the state bank shall have a written request to the enterprise for completing the dossier of issuance registration.
Step 3: When performing the issuance, enterprise shall complete dossier of registration for the bond issuance with the following documents:
- A written request for registration of international bond issuance (in accordance with the Appendix 02 enclosed to this Circular);
- A copy in foreign language and Vietnamese translation (confirmed by enterprise) of documents specified in Clause 5 and Clause 6 Article 12 of this Circular.
View more details at Circular No. 17/2013/TT-NHNN of the State Bank of Vietnam, effective from September 01, 2013.
Thu Ba
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