On January 18, 2023, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 99/QD-NHNN announcing a number of amendments and supplementations of the administrative procedures related to the foreign exchange operations which are performed at the Single Window under the SBV’s jurisdiction.
Specifically, the list of amendments and supplementations of the administrative procedures related to the foreign exchange operations which are performed at the Single Window under the SBV’s jurisdiction includes:
“The procedures for the approval of the basic foreign exchange operations in the domestic market”;
“The procedures for the approval of the basic foreign exchange operations in the international markets”;
“The procedures for the approval of the implementation of other foreign exchange operations in the domestic and international markets for a definite time”;
“The procedures for the approval of an extension to the implementation of other foreign exchange operations in the domestic and international markets”;
“The procedures for the authorization to collect foreign currencies in cash from exports to the Kingdom of Cambodia”.
The above-mentioned amendments and supplementations of the administrative procedures are implemented in line with Circular No. 23/2022/TT-NHNN dated December 30, 2022 of the SBV Governor amending and supplementing a number of Articles of the legal documents related to the decentralization of the administrative procedures in the field of foreign exchange management.
Decision No. 99/QD-NHNN takes effect from February 15, 2023.
LK