12/2022/TT-NHNN providing guidelines for foreign exchange administration in respect of foreign loans and repayment of enterprises on September 30th, 2022 (“Circular 12”). Circular 12 takes effect on November 15, 2022.
Dear valued Customers,
Joint Stock Commercial Bank for Foreign Trade of Vietnam would like to express herewith our sincere thanks to your choosing Vietcombank as your partner so far.
Being your partner, we always accompany and keep you updated if there is any change in Vietnamese Laws and Regulations, especially those closely relating to your business.
By this Announcement, Vietcombank would like to advise that the State Bank of Vietnam issued Circular No. 12/2022/TT-NHNN providing guidelines for foreign exchange administration in respect of foreign loans and repayment of enterprises on September 30th, 2022 (“Circular 12”). From the effective date of Circular 12 (November 15, 2022), valued Customers need to make an online report on the website on the situation of foreign loans and repayments not guaranteed by the Government with monthly reports. Valued Customers should register and update your account to access the Website as well as other regulations in the Circular, to avoid administrative penalties for violating the reporting regime on foreign loans and payments of enterprises which are not guaranteed by the Government.
We hope you would study and comply the entire contents of Circular 12, especially the regulations related to reporting above-mentioned. Should you have any inquiries regarding this Circular, please kindly contact your person in charge at Vietcombank for further guidance.
Yours sincerely,