{"id":96,"date":"2014-02-28T00:00:00","date_gmt":"2014-02-28T00:00:00","guid":{"rendered":"https:\/\/trangwebvang.net\/lawpage\/2014\/02\/28\/foreign-currency-accounts-of-offshore-investment-projects-regulated\/"},"modified":"2019-08-21T11:54:14","modified_gmt":"2019-08-21T11:54:14","slug":"foreign-currency-accounts-of-offshore-investment-projects-regulated","status":"publish","type":"post","link":"https:\/\/lawpage.vn\/en\/foreign-currency-accounts-of-offshore-investment-projects-regulated\/","title":{"rendered":"Foreign-currency accounts of offshore investment projects regulated"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"MARGIN: 6pt 0in 0pt\"><span style=\"FONT-SIZE: 10pt; FONT-FAMILY: Arial\">Under the new regulation, after obtaining an offshore investment certificate, an investor must open an account of direct investment capital at a licensed credit institution and register with SBV or its provincial branch.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"MARGIN: 6pt 0in 0pt\"><span style=\"FONT-SIZE: 10pt; FONT-FAMILY: Arial\">All foreign-currency outbound and inbound remittance by offshore direct investment projects must be effected through such accounts.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"MARGIN: 6pt 0in 0pt\"><span style=\"FONT-SIZE: 10pt; FONT-FAMILY: Arial\">An investor that has more than one offshore investment project must open different investment capital accounts for such projects.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"MARGIN: 6pt 0in 0pt\"><span style=\"FONT-SIZE: 10pt; FONT-FAMILY: Arial\">For a project involving many investors, each investor must open an account for its investment at the same licensed credit institution for making foreign currency transfer within its capital value stated in its offshore foreign investment certificate granted by a Vietnamese authority.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"MARGIN: 6pt 0in 0pt\"><span style=\"FONT-SIZE: 10pt; FONT-FAMILY: Arial\">This Circular will take effect on February 14.-<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under the new regulation, after obtaining an offshore investment certificate, an investor must open an account of direct investment capital at a licensed credit institution and register with SBV or its provincial branch. All foreign-currency outbound and inbound remittance by offshore direct investment projects must be effected through such accounts. An investor that has more [&#8230;]\n","protected":false},"author":78,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-96","post","type-post","status-publish","format-standard","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/posts\/96","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/users\/78"}],"replies":[{"embeddable":true,"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/comments?post=96"}],"version-history":[{"count":0,"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/posts\/96\/revisions"}],"wp:attachment":[{"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/media?parent=96"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/categories?post=96"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lawpage.vn\/en\/wp-json\/wp\/v2\/tags?post=96"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}