Ms.Thụy Hân
From April 28, 2014, foreign investors may start making indirect investments using one of seven methods such as trading bonds and securities on Vietnamese market, etc.
This
is mentioned in Circular No. 05/2014/TT-NHNN
providing
guidance on opening and using indirect investment accounts to make indirect
investments in Vietnam.
When
making investments using such methods, every investor must open an indirect
investment account at a bank licensed to trade in foreign currencies to make
transactions.
In
addition, within 90 days from April 28, all investors must finish converting
their accounts into indirect investment accounts as prescribed.
Such
accounts may be used for buying foreign currencies at
credit institutions licensed to trade in foreign currencies and covering
legitimate costs incurred in Vietnam.
This Circular supersedes the Circular No. 03/2004/TT-NHNN .
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