Concerning the loan, repayment of foreign residents, Ordinance 2013 was extended for spying phone u

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Ordinance amending and supplementing a number of articles of the Ordinance on Foreign Exchange has been the Standing Committee of the National Assembly for spying phone used adopted on 03.18.2013 XIII at the 16th session and will take effect from the date of 01/01 / 2014. Ordinance amending and supplementing a number of articles of the Ordinance on Foreign Exchange (hereinafter referred to as the Foreign Exchange Ordinance 2013) was enacted in order to: (i) overcome the inadequacies of existing regulations, for spying phone used to ensure for spying phone used the synchronization, unified system of law; (Ii) Create a complete legal framework, a more complete adjustment of foreign exchange activities of organizations and individuals in the economy; (Iii) Ensure compliance with the schedule of international economic integration. To clarify the content of the Ordinance in 2013, the article below please mention the fundamental change of the law on foreign exchange as defined in Ordinance 2013.
First, the 2013 Ordinance for spying phone used amending and supplementing for spying phone used a number of important terms in order to ensure consistency with the provisions of the Law on Credit Institutions (CI), State Bank Law, Investment Law ..., engraving for shortcomings that arise during the implementation of the Ordinance on Foreign Exchange for spying phone used 2005 and in accordance with international practices, such as the concept for spying phone used of "resident", "capital transactions", "payment and money transfer to DC the current transactions "," Foreign direct investment in Vietnam for spying phone used "," indirect foreign investment in Vietnam "," forex trading "...
Second, the 2013 Ordinance amending and supplementing a number of articles on current transactions include: (i) Additional provisions on foreign exchange was not sent mails; (Ii) clearly define the responsibilities of carrying foreign currency, gold and copper Vietnam immigration; (Iii) assign the State Bank of Vietnam (SBV) regulations on the export and import of foreign currency by banks are allowed to create a legal basis for controlling the operation.
(I) Foreign Investment in Vietnam: Ordinance 2013 specifies the responsibilities of enterprises in foreign direct investment and foreign investors to participate in a business cooperation contract in the open and use account directly invested in a credit institution is permitted to perform direct investment projects in Vietnam in order to easily monitor capital flows related for spying phone used to investing activities of foreign direct to Vietnam; Additional provisions applicable to the use of legitimate income of foreign investors and regulatory jurisdiction of the State Bank of Vietnam in promulgating regulations on capital transfers lawful (guarantees, deposit, deposit ...) related to direct investment activities in Vietnam.
Ordinance 2013 and additional regulations on the use of legitimate revenues of foreign investors who are not resident for spying phone used and competent delivery of the State Bank of Vietnam issued regulations on capital transfers legal Other activities related to indirect investment in Vietnam
(Ii) Investment of Vietnam abroad. Ordinance 2013 amendment of Articles 13, 14 and 15 to appropriate regulations, the content more closely related to direct investment abroad regarding content direct investment abroad ; transferred directly invested abroad; the transfer of capital, profits from direct investments for spying phone used abroad in Vietnam. Ordinance 2013 supplemented Article 15a of portfolio investment abroad, under which credit institutions are allowed to make portfolio investments abroad for spying phone used in accordance with the law on investment and regulations of the State Bank Vietnam; other objects that are permitted indirect investments abroad to perform the opening and use of accounts, transfer funds invested abroad, moving principal, profit legal and lawful earnings from indirect investments abroad in Vietnam under the provisions of the State Bank of Vietnam.
Concerning the loan, repayment of foreign residents, Ordinance 2013 was extended for spying phone used objects borrow and repay foreign debt, including "cooperatives", for spying phone used "unions of cooperatives". for spying phone used Also, Ordinance 2013 additional principle of legitimate capital transfers related to borrowing and repayment of foreign loans comply with the regulations of the State Bank of Vietnam and relevant laws.
(Iv) On the lending and foreign debt recovery: Ordinance 2013 additional provisions on credit, economic organization guarantees are made for non-residents. Accordingly, the economic organizations only provide loans abroad, guarantee for non-residents when the Prime Minister allows, and implementation and use of open accounts, transfer funds and recovery for spying phone used foreign debt, loan registration, withdrawal of foreign loans and other capital transfers related to lending, foreign debt collection under the guidance of the State Bank of Vietnam. for spying phone used
Fourth, overcoming shortcomings in