On December 26, 2013, the Vietnam State Bank issued the Circular No. 33/2013/TT-NHNN providing guidelines upon approval procedure for activities of export, import of foreign currency in cash of permitted banks.
Under this Circular, commercial banks, branches of foreign banks permitted that have demand on export and import of foreign currency in cash shall prepare a dossier for approval on each time and send it by post or submit it directly to the Vietnam State Bank’s Hanoi city or the Vietnam State Bank’s Ho Chi Minh city branch.
The dossier must be in Vietnamese and includes the following documents: application for approval on export and import of foreign currency in cash signed by the legal representative or authorized person or persons that are classified authorization of permitted banks; contract of export and import of foreign currency in cash with foreign bank or credit institutions; Internal regulations of permitted bank on activities of export, import of foreign currency in cash and power attorney if application signed by person being legal representative of that bank.
Within two working days from receipt of a valid application, the Vietnam State Bank’s Hanoi branch, the Vietnam State Bank’s Ho Chi Minh City branch shall consider and approve the export and import of foreign currency in cash (according to the forms under Appendix No. 02). In the case of refusal, the Vietnam State Bank’s Hanoi branch, the Vietnam State Bank’s Ho Chi Minh City branch must specify the reasons in writing.
This Circular takes effect from February 10, 2014 and replaces the Decision No. 19/2001/QD-NHNN dated January 12, 2001.
Download here:54931_33-2013-TT-NHNN
Source: www.luatvietnam.vn
