Circular No. 12/2016/TT-NHNN, issued on June 29, 2016 and effective from August 13, 2016, provides guidance on foreign exchange management for outbound investment activities by Vietnamese investors.
Key contents:
- Regulates the opening and use of foreign investment accounts abroad.
- Provides procedures for registration and amendment of foreign exchange transactions related to outbound investment.
- Allows remittance of foreign currency abroad before issuance of the outbound investment certificate in specific cases.
- Regulates the repatriation of profits and capital, and reporting and supervision obligations.
| Issuing bodies: | State Bank of Vietnam | Gazette number: | 821&822-08/2016 |
| Official number: | 12/2016/TT-NHNN | Gazette dated: | 04/08/2016 |
| Types of documents: | Circular | Signer: | Nguyen Thi Hong |
| Issuing date: | 29/06/2016 | Expiry date: | |
| Effective date: | 13/08/2016 | Effect status: | Partly expired |
| Fields: | Finance - Bank | Updated date: | 29/06/2016 |
