Uni 29-09-2014 - Guidance on registration and report for foreign loans

Circular No. 25/2014/TT-NHNN stipulating registration procedures or change or report for foreign loans which are not guaranteed by Government.

1. Foreign loans must be performed to register with Bank State of Viet Nam:

• Long-term, mid-term foreign loans.
• Short-term foreign loans are extended and total duration of the foreign loans is more than 1 (one) year.
• Short-term foreign loans have no extension contract but have residual balance of 1 (one ) year as from the first date of capital withdraw, except for the case of the borrowers repaying the loans  within 10 (ten) days as from the time of a full year of the first date of capital withdraw.

(Withdraw day is the disbursement of the loan for the loans in cash, the customs clearance day of goods for the loans in form of importing late goods and finance lease)

2. Registration procedures and files for foreign loans are stipulated in article 7, article 8, article 9 of this Circular.
3. Periodic quarter, the deadline is 5^th of the next month of the report quarter, the borrows must report the situation of performing the long, mid and short-term ( attached with Appendix 04 of this Circular) to the branch of province, city under control of Central of Bank State of Viet Nam where the borrowers have their head offices.