- In terms of the registration process or formality: Investors will be required to submit their applications for registration of foreign exchange transactions, whether directly or by post, to the State Bank of Vietnam.
In the case that such applications are found insufficient, within the duration of 05 days of receipt, the State Bank of Vietnam will send a request for any supplementation.
- In terms of the processing duration: 10 days of receipt of all required documents, the State Bank of Vietnam will give a confirmation or refuse to give a confirmation of registration.
In case of refusal, the State Bank of Vietnam must give investors a written explanation for such refusal.
To know the detailed set of documents to be submitted to apply for registration of foreign exchange transactions, please read more at paragraph 1 Article 21 of the Decree No. 124/2017/ND-CP which is set to commence on January 1, 2018.
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