Circular No. 17/2020/TT-NHNN amends and supplements certain Articles of Circular No. 33/2013/TT-NHNN dated December 26, 2013, issued by the Governor of the State Bank of Vietnam guiding procedures for approving foreign currency cash export and import activities of authorized banks.

CIRCULAR

Amending and supplementing certain Articles of Circular No. 33/2013/TT-NHNN dated December 26, 2013 issued by the Governor of the State Bank of Vietnam
concerning procedures for approving foreign currency cash export and import activities Directorate
of authorized banks
của các ngân hàng được phép ||| of permitted banks ||| 1 ||| of permitted banks

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on Credit Institutions dated June 16, 2010, and the Law Amending and Supplementing Certain Provisions of the Law on Credit Institutions dated November 20, 2017;

Pursuant to the Foreign Exchange Decree dated December 13, 2005 and the Decree Amending and Supplementing Certain Articles of the Foreign Exchange Decree dated March 18, 2013;

Pursuant to Decree No. 85/2019/NĐ-CP dated November 14, 2019 of the Government on implementing administrative procedures under the national single window mechanism, ASEAN single window mechanism, and specialized inspection of goods for export and import;

Pursuant to Decree No. 16/2017/NĐ-CP dated February 17, 2017 of the Government on the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Department of Foreign Exchange Management;

The Governor of the State Bank of Vietnam issues this Circular amending and supplementing certain Articles of Circular No. 33/2013/TT-NHNN dated December 26, 2013 of the Governor of the State Bank of Vietnam guiding procedures for approving foreign currency cash export and import activities of authorized banks (hereinafter referred to as Circular No. 33/2013/TT-NHNN). Article 1. Amending and supplementing certain Articles of Circular No. 33/2013/TT-NHNN

Article 3 shall be amended and supplemented as follows:

"Article 3. Procedures for requesting approval for foreign currency cash export and import activities of authorized banks

1. Principles for declaration, submission, receipt, issuance of results, exchange, and feedback of information regarding applications for approval of foreign currency cash export and import activities of authorized banks:

a) Electronic documents are submitted using digital signatures through the National Single Window Portal. Declaration, submission, receipt, issuance of results, exchange, and feedback of information, and use of digital signatures on the National Single Window Portal and the specialized processing system of the State Bank of Vietnam shall be carried out in accordance with the provisions of Decree No. 85/2019/NĐ-CP dated November 14, 2019 of the Government on implementing administrative procedures under the national single window mechanism, ASEAN single window mechanism, and specialized inspection of goods for export and import, and any subsequent amendments, supplements, or replacements thereof (if any);

b) In case the National Single Window Portal or the specialized processing system of the State Bank of Vietnam encounters technical issues or errors preventing the receipt or exchange of electronic information, declaration, submission, receipt, issuance of results, exchange, and feedback of information shall be conducted via postal services or directly at the Service Reception and Result Issuance Units of the State Bank of Vietnam Branch in Hanoi City or Ho Chi Minh City;

c) Documents in the electronic dossier are scanned copies of original documents (in PDF format), except for the application for approval of foreign currency cash export and import which is filled out on the National Single Window Portal. Documents in the paper dossier are originals or certified copies by the authorized representative of the authorized bank.

a) Application for approval of foreign currency cash export and import according to the form attached as Appendix 01 to this Circular;

2. The documents include:

b) Export and/or import contracts for foreign currency cash signed between the authorized bank and foreign banks or financial organizations, accompanied by a Vietnamese translation certified by the authorized representative of the authorized bank (to be submitted only once and updated when there are changes);

c) Internal regulations of the authorized bank regarding foreign currency cash export and import activities, including provisions on delegation of authority within the system for foreign currency cash export and import activities, and management, supervision, and security measures for the handover, storage, and transportation of foreign currency cash, ensuring compliance with the regulations of the State Bank of Vietnam (to be submitted only once and updated when there are changes);

d) Power of attorney in cases where the person signing the application for approval is the authorized representative of the authorized bank (to be submitted only once and updated when there are changes).

3. Approval procedures for foreign currency cash export and import activities:

a) When there is a need to carry out foreign currency cash export and import activities, the authorized bank shall prepare and submit one set of dossier to the State Bank of Vietnam Branch in Hanoi City or Ho Chi Minh City in accordance with Clause 1 and Clause 2 of this Article;

b) Within two working days from the date of receiving a complete and valid dossier as stipulated in Clause 2 of this Article, the State Bank of Vietnam Branch in Hanoi City or Ho Chi Minh City shall examine and approve the foreign currency cash export and import activities of the authorized bank according to the form attached as Appendix 02 to this Circular and send it to the authorized bank in accordance with point a and b of Clause 1 of this Article.

If the dossier is incomplete or invalid, the State Bank of Vietnam Branch in Hanoi City or Ho Chi Minh City shall notify the authorized bank through the National Single Window Portal or by written notice (as specified in point b of Clause 1 of this Article) and specify the reasons.

Within three working days from the date of receiving all relevant documents related to foreign currency cash export and import (payment orders and customs declarations), the authorized bank shall submit copies of payment orders and customs declarations (certified by the authorized representative of the authorized bank) to the State Bank of Vietnam Branch in Hanoi City or Ho Chi Minh City."

Article 2. 

Replacing Appendices 01, 02, and 03 issued together with Circular No. 33/2013/TT-NHNN with Appendices 01, 02, and 03 issued together with this Circular.

This Circular takes effect from December 25, 2025/.

The Director of the Office, Heads of Departments of Foreign Exchange Management, Chief Inspectors and Supervisors of Banking, Heads of Units under the State Bank of Vietnam, Directors of the State Bank of Vietnam Branches in Hanoi City and Ho Chi Minh City, commercial banks, and branches of foreign banks authorized to conduct foreign exchange operations are responsible for organizing the implementation of this Circular.

Article 4. Implementation provisions

This Circular takes effect from February 1, 2021.