On June 26th, 2019, the State Bank of Vietnam issued Circular No.06/2019/TT-NHN giving instruction on the foreign exchange management of FDI activities to Vietnam to replace Circular No.19/2014/TT-NHNN .
Whereby, Foreign investors and Vietnamese investors in foreign-invested enterprises can contribute investment capital in foreign currencies as well as Vietnam dong according to the capital contribution of investors recorded at:
- Investment registration certificate ;
- Licenses for establishment and operation in accordance with specialized laws (for enterprises with foreign direct investment established and operating under specialized laws);
- Notice of the satisfaction of conditions for capital contribution, share purchase, share repurchase of the contributed capital of foreign investors;
- PPP contract signed with competent state agencies, and other documents proving the capital contribution of foreign investors in accordance with the regulations of law.
Under the provisions of Circular 19/2014 / TT-NHNN, foreign investors and Vietnamese investors in foreign-invested enterprises are allowed to contribute investment capital in foreign currencies and/or Vietnam dong according to the capital contribution of investors recorded in the Investment Registration Certificate.
Circular No.06/2019/TT-NHNN takes effect from September 6th, 2019.
