Amendments to regulations on the import of goods used for printing and minting activities of the State Bank of Vietnam

Amendments to regulations on the import of goods used for printing and minting activities of the State Bank of Vietnam

The regulation on the import of goods used for printing and minting activities in Vietnam stipulated in Article 4 of Circular 38/2018/TT-NHNN is amended as follows:

- Based on the written designation and authorization for the printing and minting facilities to import goods for printing and minting activities, the printing and minting facilities shall conduct the import of goods used for printing and minting activities as specified in the Appendix issued with Circular 07/2023/TT-NHNN as follows:

+ For goods listed under serial numbers 1, 2, 3, 5: The printing and minting facilities shall base their importation activities on the printing and minting contract between the printing and minting facilities and the State Bank of Vietnam.

+ For goods listed under serial numbers 4, 6, 7: The printing and minting facilities shall base their importation activities on the approved investment policy document and the investment decision by the competent authority as stipulated in Article 4 of Circular 07/2020/TT-NHNN.

- The Governor of the State Bank of Vietnam authorizes the Director of the Issuance and Vault Department to issue a confirmation letter regarding the printing and minting facilities' importation of goods for the purpose of printing and minting activities of the State Bank of Vietnam as per the sales contract or other forms of written agreement between the printing and minting facilities and the goods supplier.

- When carrying out importation procedures, the printing and minting facilities must send to the customs authorities one original copy of the confirmation letter issued by the State Bank of Vietnam along with the customs documents as required by law.

Additionally, the Appendix issued with Circular 38/2018/TT-NHNN is replaced by the Appendix listing designated goods that the printing and minting facilities are permitted to import for the purpose of printing and minting activities of the State Bank of Vietnam, as issued with Circular 07/2023/TT-NHNN.

More details can be found in Circular 07/2023/TT-NHNN which comes into force in Vietnam from August 14, 2023.

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