Circular 05/2014/TT-NHNN on guiding the opening and use of indirect investment capital accounts for implementation of foreign indirect investment activities in Vietnam

Circular No. 05/2014/TT-NHNN, issued by the State Bank of Vietnam on March 12, 2014 and effective from April 28, 2014, provides regulations on the opening and use of indirect investment capital accounts in Vietnamese dong by foreign investors at licensed credit institutions in Vietnam. This Circular applies to foreign investors conducting indirect investment activities in Vietnam, such as purchasing securities, contributing capital to investment funds, and other forms in accordance with Vietnamese law.

Foreign investors may only use the indirect investment capital account for transactions involving investment transfers, income remittances, and capital repatriation as prescribed by current foreign exchange regulations. The opening and use of these accounts must comply with anti-money laundering laws and ensure transparency of investment capital sources.