Central bank proposes overhaul of forex rules for foreign investment flows
Hanoi, April 29 -- Hanoi (VNS/VNA) - The State Bank of Vietnam is drafting a new circular to revise foreign exchange management regulations for foreign direct investment (FDI) into Vietnam, in order to align the framework with recent changes in investment law and evolving market practices. The draft circular is intended to replace Circular 06/2019/TT-NHNN, introducing a more flexible and synchronised approach to managing capital flows linked to foreign investment activities. One of the key proposed changes would allow investors to open investment capital accounts before obtaining an investment registration certificate. According to the draft, eligible entities would be permitted to open investment capital accounts prior to the issuance of...
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