On December 22, 2020, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 2187/QD-NHNN announcing amendments and supplementations of administrative procedures in the field of foreign exchange operations as stipulated in Circular No. 17/2020/TT-NHNN dated May 7, 2020. These procedures shall be performed at the One-Stop-Shop service under the SBV’s jurisdiction.
Specifically, the SBV has promulgated: "The procedure for approving of the export and/or import of foreign currencies in cash by licensed banks".
This administrative procedure is belongs to the foreign exchange area, and shall be performed at the SBV Hanoi branch and the SBV Ho Chi Minh city branch.
Decision No. 2187/QD-NHNN shall take effect from February 01, 2021 and shall abolish the administrative procedure coded 1.001477 promulgated in Decision No. 1762/QD-NHNN dated September 1, 2015.
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