On October 26, 2022, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 1826/QD-NHNN announcing a number of amendments, supplementations of administrative procedures related to the foreign exchange operations as stipulated in Circular No. 12/2022/TT-NHNN dated September 30, 2022, which are performed at the Single Window under the SBV’s jurisdiction.
Specifically, the administrative procedures under the jurisdiction of the SBV and the SBV provincial and municipal branches are:
“The procedures for account registration to access the webpage on the management of foreign debts and debt service, which are not guaranteed by the Government”;
“The procedures for registration of a foreign debt by an enterprise, which is not guaranteed by the Government”;
“The procedures for registration of changes in foreign debts of enterprises, which are not guaranteed by the Government.”
The administrative procedures under the jurisdiction of the SBV provincial and municipal branches are: “The procedures for registering a change in the account information to access the webpage on the management of foreign debts and debt service, which are not guaranteed by the Government”.
The above-mentioned administrative procedures have been amended and supplemented to ensure conformity with the provisions of Circular No. 12/2022/TT-NHNN dated September 30, 2022 providing guidance on the foreign exchange management related to the borrowing and payment of foreign debts by enterprises.
This Decision takes effect from November 15, 2022 and shall abolish Decision No. 504/QD-NHNN dated April 05, 2016 of the SBV Governor announcing new administrative procedures and replacements to existing administrative procedures under the SBV’s jurisdiction.
LK