VietnameseDecision No. 180/1999/QD-TTg dated August 30, 1999 of the Prime Minister amending clause 1, article 1 of the Prime Minister’s Decision No. 173/1998/QD-TTg dated September 12, 1998 on the obligation to sell and the right to buy foreign currency(ies) of the residents being organizations
ATTRIBUTE
Decision No. 180/1999/QD-TTg dated August 30, 1999 of the Prime Minister amending clause 1, article 1 of the Prime Minister’s Decision No. 173/1998/QD-TTg dated September 12, 1998 on the obligation to sell and the right to buy foreign currency(ies) of the residents being organizations
| Issuing body: | Prime Minister | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 180/1999/QD-TTg | Signer: | Phan Van Khai |
| Type: | Decision | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 30/08/1999 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Finance - Banking |
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THE PRIME MINISTER OF GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
No: 180/1999/QD-TTg | Hanoi, August 30, 1999 |
DECISION
AMENDING CLAUSE 1, ARTICLE 1 OF THE PRIME MINISTER’S DECISION NO. 173/1998/QD-TTG OF SEPTEMBER 12, 1998 ON THE OBLIGATION TO SELL AND THE RIGHT TO BUY FOREIGN CURRENCY(IES) OF THE RESIDENTS BEING ORGANIZATIONS
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of September 30, 1992;
In furtherance of Article 12 and Clauses 1 and 2 of Article 13 of the Government’s Decree No. 63/1998/ND-CP of August 17, 1998 on foreign exchange management;
At the proposal of the Governor of Vietnam State Bank,
DECIDES:
Article 1.- To amend Clause 1, Article 1 of the Prime Minister’s Decision No. 173/1998/QD-TTg of September 12, 1998 on the obligation to sell and the right to buy foreign currency(ies) of the residents being organizations as follows:
Residents being Vietnam economic organizations, foreign-invested enterprises and foreign partners to business cooperation contracts that are ensured with the Vietnamese Government’s support for foreign currency balance and branches of foreign companies, foreign contractors, domestic contractors joining partnership with foreign ones, shall have to immediately sell at least 50% of their foreign currency amounts earned from current revenue sources to the licensed banks.
Article 2.- This Decision takes effect after its signing. The Governor of Vietnam State Bank shall have to guide the implementation of this Decision.
Article 3.- The ministers, the heads of the ministerial-level agencies, the heads of the agencies attached to the Government, the presidents of the People’s Committee of the provinces and centrally-run cities shall have to implement this Decision.
PRIME MINISTER Phan Van Khai |
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