Vault doors must have import permits

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On August 01, 2014, the State Bank of Vietnam issued the Circular No. 18/2014/TT-NHNN on guiding import of goods subject to the State Bank’s specialized management, applied for units of the State Bank of Vietnam, credit institutions, foreign bank’s branches, money-printing establishments, agencies, organizations and traders related to import of goods subject to the State Bank’s specialized management.

The State Bank shall manage by grant of import permits for vault doors. No later than 07 (seven) days since receipt of valid dossier, the State Bank shall issue import permit of vault door. If refusal, within the time above, the State Bank must reply in writing and clearly state the reasons. A permit shall be valid within 06 (six) months since it is issued.

For import permits and papers accepting receipt of imported goods subject to the State Bank’s specialized management that are granted before September 15, 2014, it shall be implemented according to import permit and papers on receipt of imported goods of the State Bank.

This Circular takes effect on September 15, 2014.