From September 15: administrative procedures amended in foreign exchange field

On August 22, 2022, the State Bank of Vietnam issues the Decision No. 1453/QD-NHNN on the announcement of administrative procedures which are amended and supplemented, replaced, and annulled in the foreign exchange field.

Accordingly, the State Bank of Vietnam announces the administrative procedures which are amended and supplemented, replaced, and annulled in the foreign exchange field as follows:

- The procedure to be amended and supplemented: The procedures for registration, registration for change of the bonds issued to the international market by enterprises not entitled to the government guarantee.

- The procedure to be replaced includes:

• Procedures for confirming the limit of the international bond issuance with state-owned commercial banks;
• Procedures for confirming the limit of international bond issuance limits with enterprises other than state-owned commercial banks;
• Procedures for registering international bond issuance of enterprises not entitled to government guarantee;

- The procedure for replacing: The procedures for registration of the bonds issued to the international market by enterprises not entitled to government guarantee.

- The procedure to be annulled: Procedures for appraising the plan for international bond issuance of the state-owned commercial banks

This Circular takes effect on September 15, 2022. The regulations on the online form of dossier submission takes effect on January 01, 2023.