This is an important content specified in Circular No. 33/2013/TT-NHNN of the State Bank of Vietnam (SBV) guiding procedures for the approval for activities of export and import of foreign currencies in cash of the authorized banks.
When having need of conducting each time of export or import of foreign currencies in cash, the authorized banks shall make 01 (one) set of dossier of requesting for the approval for export or import of foreign currencies in cash under each time of sending via post or remitting directly to the State bank’s branches in Hanoi and Ho Chi Minh Cities.
According to Circular No. 33/2013/TT-NHNN of the State Bank of Vietnam, a dossier includes:
- Written request for the approval for export and import of foreign currencies in cash signed by the representative at law or the authorized person or the person decentralized under authorization of the authorized banks (according to form at Annex No. 01);
- Contract of export and/or import of foreign currencies in cash signed with foreign banks or financial organizations (just send for the first time and send for addition upon having changes of partners);
- Internal rules of the authorized banks about activities of export and import of foreign currencies in cash, in which, prescribing on decentralization for authorization to perform activities of export and import of foreign currencies in cash inside of system and prescribing management, supervision, assurance on safety in delivery and receipt, preservation and transport of foreign currencies in cash must observe the SBV’s regulations (just send for the first time and send for addition upon having changes of partners);
- Letter of authorization in case where the person signing on the application for the approval is the authorized representative of the authorized banks.
Note: Dossier must be made in Vietnamese. Copies in Vietnamese and translations from foreign languages to Vietnamese must be signed for confirmation by the representative at law of the authorized person or the person decentralized under authorization of the authorized banks.
View relevant provisions at Circular No. 33/2013/TT-NHNN of the State Bank of Vietnam, effective from February 10, 2014.
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