Decision No. 319/1998/QD-NHNN7 on reporting foreign currency receipts and payments on a daily basis

Pursuant to …;

DECISION NO. 319/1998/QĐ-NHNN OF THE GOVERNOR OF THE STATE BANK ON SEPTEMBER 29, 1998 REGARDING THE REPORTING OF FOREIGN EXCHANGE INCOME AND EXPENSES DAILY
DATE OF SEPTEMBER 29, 1998 ON THE MATTER OF DAILY REPORTING OF FOREIGN EXCHANGE INCOME AND EXPENSES

GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to Decree No. 63/1998-NĐ-CP dated August 17, 1998 of the Government on foreign exchange management;

Pursuant to Decree No. 15/CP dated March 2, 1993 of the Government on the tasks, powers, and responsibilities for state management of ministries and ministerial-level agencies;

At the proposal of the Head of the Foreign Exchange Management Department,

DECISION:

Article 1. The Governors (Directors) of permitted banks shall be responsible for reporting to the State Bank about foreign currency transactions with a value of US$50,000 (fifty thousand dollars) or more that occur daily from customers who are organizations or individuals (including transfers of foreign currency from accounts opened at the bank to accounts opened at other banks of the customer).

Article 2. Data reported in accordance with Article 1 must be submitted to the State Bank (Department of Foreign Exchange Management) no later than 10 o'clock on the following trading day.

(Reported according to the attached form)

Article 3. The Governors (Directors) of permitted banks shall be responsible for compiling data within their system to implement the reporting regime as stipulated in this Decision.

Article 4. This Decision takes effect from the date of signature.

The Head of the Governor's Office, Heads of Departments and Directorates of the Central State Bank, and the Governors (Directors) of permitted banks shall be responsible for enforcing this Decision.

DAILY REPORT OF FOREIGN EXCHANGE INCOME AND EXPENSES

(Transactions valued at US$50,000 or more)

Respected: Department of Foreign Exchange Management

State Bank of Vietnam

Fax: 04268789

Name of Reporting Bank:...

Address:…

Telephone Number:...Fax Number...

Governor (Director)

(Signature and stamp)

Note: Reports are made in original currency

(*) Transaction number

(**) Account number, name of bank where the account is opened, and country where the account is opened.