Legal Counselling

Vietnam: Summary of payments made on investment capital account in foreign currency

16:50, 05/07/2016

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

According to Circular No. 12/2016/TT-NHNN of the State Bank of Vietnam (SBV), payments made on investment capital account in foreign currency include:

- Transfer investment capital to foreign countries;

- Provide loans to the legal entity that executes the investment project in foreign country in compliance with regulations and laws of Vietnam;

- Make payments for fulfilling the investor’s guarantee obligations related to loans provided to the legal entity that executes the investment project in foreign country with the investor’s guarantee in compliance with regulations and laws of Vietnam;

- Sell foreign currency to licensed credit institutions;

- Transfer money to other foreign currency accounts of the investor;

- Other payments related to outward investment activities.

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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