Vietnam: Application for the registration of outward investment-related forex transactions according to Circular No. 12/2016/TT-NHNN

08:48, 05/07/2016

Circular No. 12/2016/TT-NHNN was issued by the State Bank of Vietnam, guiding the foreign exchange management for outward investment.

According to Circular No. 12/2016/TT-NHNN of the State Bank of Vietnam (SBV), the application for the registration of outward investment-related forex transactions consists of:

- The application form for the registration of outward investment-related forex transactions.

- The copy which originated from the master register or certified copy or copy, enclosed with the original for comparison, of Investment License or Certificate of outward investment or Certificate of the outward investment registration.

- The copy in foreign language and the translation into Vietnamese of the written approval or the investment permit issued by the host country or the document proving that the investment activities executed in the host country are conformable with the host country's law.

- The original certificate of the investor's investment capital account granted by the licensed credit institution, including account number and type of foreign currency.

- The original certificate granted by the licensed credit institution to certify the amount transferred abroad by the investor before the investor obtains the Certificate of outward investment registration.

- The written explanation about the transfer of investment capital in VND to foreign countries in cases where the investment capital in VND is transferred abroad.

View more details at Circular No. 12/2016/TT-NHNN of the State Bank of Vietnam, effective from August 13, 2016.

- Thanh Lam -

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