Công văn số 78/NHNN-QLNH ngày 21/01/2003 của Ngân hàng Nhà nước Việt Nam về việc mở tài khoản ngoại tệ ở nước ngoài

With the view to facilitating foreign currency business and international payment of credit institutions, as well as to secure requirements of foreign exchange control in the context of integration, the State Bank provides specific guidance on the opening of foreign currency accounts in foreign countries of credit institutions as provided for in point 4 Section I Chapter V Part II of the Circular No. 01/1999/TT-NHNN7 dated 16 April, 1999 guiding the implementation of the Decree No. 63/1998/ND-CP on the foreign exchange control as follows:

1. In respect of credit institutions to which the State Bank has granted the licence of foreign exchange business that permits them to carry out the international payment service, purchase and selling of foreign currency in foreign counties and the licence of opening and use of foreign currency accounts in foreign countries, General Directors (Directors) shall have the authority to make decision on the opening of additional foreign currency accounts in foreign countries, when they have requirements to do so.

2. Within 15 working days from the date of additional opening of foreign currency accounts in foreign counties, credit institutions must report in writing (in accordance with enclosed sample form) to the State Bank (the Foreign Exchange Control Department), at the same time, send a copy to the Banks Department for following up and management.

3. Credit institutions that are permitted to open and use foreign currency accounts in foreign countries shall strictly comply with the reporting regime in accordance with the Official Dispatch No. 1247/NHNN-QLNH dated 15 November, 2002 of the State Bank.

The State Bank of Vietnam would like to inform to credit institutions for the acknowledgement and implementation.

SAMPLE REGISTRATION FORM FOR THE ADDITIONAL OPENING OF FOREIGN CURRENCY ACCOUNTS IN FOREIGN COUNTRIES

Name of credit institution:.......................................................................................................

Trading name (if any)..............................................................................................................

Head office:...........................................................................................................................

Telephone:................................................................... Fax:..................................................

The number of the licence of foreign exchange business:.................... Date of issue:..................

The number of the licence for the opening and use of foreign currency accounts in foreign countries: Date of issue:

Credit institution would like to report the additional opening of foreign currency accounts in foreign countries to the State Bank of Vietnam as follows:

Day .....month ....year .....when the foreign currency account is additionally opened in foreign countries.

- Number of account:..............................................................................................................

- Type of foreign currencies:....................................................................................................

- At bank: .................................................................... , country:..........................................

- The purpose for the additional opening of foreign currency account in foreign countries:

We undertake to seriously comply with current provisions of the State on foreign exchange control.

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