Circular No. 09/2015/TT-NHNN, dated July 17, 2015, issued by the State Bank of Vietnam, provides regulations on foreign exchange management for outward investment activities by resident organizations and individuals in Vietnam. The Circular offers detailed guidance on opening and using foreign currency accounts abroad, transferring foreign currency overseas, repatriating investment profits, and reporting obligations of investors.
Accordingly, Vietnamese investors (including economic organizations, foreign-invested enterprises, and individuals) conducting outbound investments must comply with procedures for registering or obtaining approval for such investments from competent state authorities and must also register foreign exchange transactions with the State Bank of Vietnam. Funds for outward investment may only be transferred through an investment capital account opened at a licensed credit institution, and such transfers must be made strictly for registered purposes. The Circular also stipulates the investors’ obligations to repatriate profits and investment capital, share financial risks, and submit periodic reports on investment activities and foreign exchange transactions.
This Circular took effect on September 1, 2015, and serves as a key legal basis for managing outbound investments in a transparent manner, controlling capital flows, and ensuring compliance with Vietnam’s foreign exchange management policies.
| Issuing bodies: | State Bank of Vietnam | Gazette number: | 877&878-08/2015 |
| Official number: | 09/2015/TT-NHNN | Gazette dated: | 01/08/2015 |
| Types of documents: | Circular | Signer: | Nguyen Dong Tien |
| Issuing date: | 17/07/2015 | Expiry date: | |
| Effective date: | 01/09/2015 | Effect status: | Partly expired |
| Fields: | Finance - Bank | Updated date: | 17/07/2015 |
