Vietnam’s Circular 33: 02 forms of export and imports of foreign currencies in cash

According to Article 2 of Circular No. 33/2013/TT-NHNN of the State Bank of Vietnam, activities of export and import of foreign currencies in cash of the authorized banks may be performed through the Noi Bai and Tan Son Nhat international aviation border gates.

However, when having the need of export and import of foreign currencies in cash, the authorized banks must do procedures for the approval of export and import of foreign currencies in cash for each time with the State bank of Vietnam (SBV) in accordance with provisions in this Circular.

Besides, Circular No. 33/2013/TT-NHNN also stipulates the authority of the approval for activities of export and imports of foreign currencies in cash, specifically as follows:

- The State bank’s branch in Hanoi City shall grant the decision on approving for export and import of foreign currencies in cash for the authorized banks that have need of export and import of foreign currencies in cash through the Noi Bai international aviation border gate.

- The State bank’s branch in Ho Chi Minh City shall grant the decision on approving for export and import of foreign currencies in cash for the authorized banks that have need of export and import of foreign currencies in cash through the Tan Son Nhat international aviation border gate.

Thus, currently, there are 02 forms of activities of export and imports of foreign currencies in cash, which are performed through the Noi Bai and Tan Son Nhat international aviation border gates.

View details at Circular No. 33/2013/TT-NHNN of the State Bank of Vietnam, effective from February 10, 2014.

Thu Ba

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