On June 06, 2023, the State Bank of Vietnam (SBV) issued Decision No. 1059/QD-NHNN announcing new administrative procedures related to the foreign exchange operations which are performed at the Single Window Service (SWS) under the SBV’s jurisdiction.
Accordingly, the new administrative procedures related to the foreign exchange operations, which are stipulated in Decree 23/2023/ND-CP and performed at the Single Window Service (SWS) under the SBV’s jurisdiction, consist of:
(i) The procedures for the issuance of the Certificate of Registration of a money exchange agency for the currency of a bordering country with Vietnam;
(ii) The procedures for the reissuance of the Certificate of Registration of a money exchange agency for the currency of a bordering country with Vietnam;
(iii) The procedures for modifying the Certificate of Registration of a money exchange agency for the currency of a bordering country with Vietnam;
(iv) The procedures for extending the Certificate of Registration of a money exchange agency for the currency of a bordering country with Vietnam;
This Decision takes effect from July 01, 2023.
LK