Private Enterprise given a 12-month extension to convert foreign bank accounts

Thuy Phu

18:25, 10/07/2024

Circular 02/2018/TT-NHNN was issued on February 12, 2018, to amend and supplement Circular 32/2016/TT-NHNN regarding the opening and use of payment accounts at payment service-providing organizations.

the banks and branches of foreign banks shall review the account opening records of entities without legal status, partnerships, and households, and perform as follows:

- Before June 1, 2018, they must notify the customer about the implementation of the conversion of payment account forms as prescribed;- By March 1, 2019, they must cooperate with the customers to complete the re-signing of the contract to open and use the payment account to convert to individual payment accounts, legal entity payment accounts, joint payment accounts, or close the account.

Circular 02/2018/TT-NHNN takes effect from the date of signing promulgation.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn