Uni 14-08-2014 - Guidance on foreign exchange management for oversea direct investment activity in Viet Nam

According to Circular No. 19/2014/TT-NHNN in guidance of foreign exchange management for oversea direct investment activity  in Viet Nam as follows:

1. Investment capital contribution;
2. Open and use direct investment capital in foreign currency and VND;
3. Transfer capital, profit and legal gains to foreign country;
4. Transfer investment capital for the investment preparation stage.

Some significant notes should be noted:

• Direct foreign-invested enterprises can open the direct capital investment account in foreign currency, VND in one legal bank to:

• Receive direct investment capital, recover the foreign and domestic loans, collect from payment account opened in a legal bank, …
• Pay the original amounts, interest and charges of the foreign and domestic loans, transfer to the payment account opened in a legal bank, transfer profit from direct investment activity, repay the investment capital in case of dissolution, termination of operation, …

(Transactions of receipts, payments are stated in article 7, article 8 of this Circular)

• Besides, before being granted investment certificate, foreign investors are allowed to transfer investment capital into Viet Nam to meet legal costs for the investment preparation stage in Viet Nam in accordance with negotiation in writing of the related parties and through their payment account in foreign currency opened in a legal bank in Viet Nam.