Press Release on issuance of Circular No.55/2024/TT-NHNN
Hanoi, December 18, 2024 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 55/2024/TT-NHNN amending Paragraph 4 of Article 2 of Circular No. 19/2018/TT-NHNN dated August 28, 2018 providing guidance for the foreign exchange management in the Vietnam-China border trade activities.
The new Circular is composed of 3 Articles, specifically as follows:
Article 1: Amending Paragraph 4 of Article 2 of Circular No. 19/2018/TT-NHNN, stipulating that the credit institutions providing payment services for the Vietnam-China border trade activities shall be the bank branches allowed to be located in the Vietnam-China border area.
Article 2: Implementation arrangements
Article 3: Enforcement
This Circular comes into force on February 1, 2025.
HY