New Foreign Exchange Control Regulations for Foreign Direct Investment in Vietnam
PwC Legal Vietnam
27th August 2019
The State Bank of Vietnam issued Circular 06/2019/TT-NHNN dated 26 June 2019, which will come into force from 6 September. Circular 06 brings some welcome simplifications of the procedures for remitting funds in M&A transactions. In brief, in the past, funds generally had to be flowed via the Vietnam target company, even when the buyer and seller were overseas. This requirement has now been mainly relaxed.
Please Login or Register for Free now to view all updates and articles
In addition to free-to-view updates and articles, you can also subscribe to the full Legal Centrix Vietnam Service including access to:
- Overview notes on the law
- Thousands of high quality translations of legislation covering all key business areas
- Legal and tax updates
- Articles on important legal and tax issues
- Weekly email alerts
- Sophisticated web platform and search
Legal Centrix is trusted by top law and accounting firms.
Author
-
PwC Legal Vietnam
Vietnam
Related Content
- Tuesday, April 02 2019
- Tuesday, December 03 2019
Tags
Recent updates
- Vietnam: Rising Cybersecurity Concerns in Vietnam Prompt Prime Ministerial Directive
- Vietnam: Technical Update - April 2024
- Vietnam: New draft regulations on electricity generation tariffs and model power purchase agreements
- Malaysia: Keeping up with Growing Cyber Threats and Intrusions – Malaysia’s Cyber Security Bill 2024
- Decision 262/QĐ-TTg On Approving The Implementation Plan Of The National Electricity Development Plan For The Period Of 2021 - 2030, With A Vision To 2050
- Decision 21/QD-HDTV On Issuing Regulations Guiding The Registration Of Security Interests For Securities Registered Centrally At The Vietnam Securities Depository And Clearing Corporation
A leading provider of legal and tax know-how and information for Asia.
Copyright © 1997 - 2024 Legal Centrix. All Rights Reserved Privacy Policy | Terms of Use