A
circular issued by the State Bank of Vietnam (SBV) on February 27 says all
foreign credit organisations and bank branches will be allowed to carry out
foreign currency transactions with SBV if they meet the following conditions:
They were established to operate within the
law on credit organisations
They were licensed by SBV to operate and do
business through their foreign currency services in Vietnam.
They were installed or equipped with means of
foreign currency transaction, such as Reuters system or other facilities as
approved by SBV in certain periods of time.
The circulation also speculates the
responsibility of foreign credit organisations and bank branches to observe
regulations on providing information, reporting and dealing with violations.
The circulation will come into effect 45 days
the date of signing.
VOV
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment