| THE STATE BANK OF VIETNAM No. 01/2010/TT-NHNN | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------- Hanoi, January 06, 2009 |
CIRCULAR
ANNULLING DECISION No. 03/2006/QD-NHNN OF JANUARY 18,2006, ON GOLD TRADING VIA OVERSEAS ACCOUNTS, AND DECISION NO. 11/2007/QD-NHNN OF MARCH 15, 2007, AMENDING AND SUPPLEMENTING DECISION No. 03/2006/ QD-NHNN
THE STATE BANK OF VIETNAM
Pursuant to the 1997 Law on the State Bank of Vietnam and the 2003 Law Amending and Supplementing a Number of Articles of the Law on the State Bank of Vietnam;
Pursuant to the 1997 Law an Credit Institutions and the 2004 Law Amending and Supplementing a Number of Articles of the Law on Credit Institutions;
Pursuant to the Government's Decree No. 160/2006/ND-CP of December 28, 2006,
detailing the implementation of the Ordinance on Foreign Exchange;
Pursuant to the Government's Dec fee No. 96/ 2008/ND-CP of August 26, 2008, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;
In furtherance of the Prime Minister's concluding opinions in the Government Office's Notice No. 369/TB-VPCP of December 30, 2009;
The State Bank of Vietnam provides the following stipulations:
Article 1. To annul the State Bank Governor's Decision No. 03/2006/QD-NHNN of January 18, 2006, on gold trading via overseas accounts, and Decision No. 11/2007/QD-NHNN of March 15, 2007, amending and supplementing Decision No. 03/2006/QD-NHNN of January 18, 2006, on gold trading via overseas accounts.
Article 2.
1. Credit institutions and enterprises trading gold via overseas accounts shall terminate all gold-trading activities via overseas accounts from the effective date of this Circular, except transactions to finalize or close gold-trading accounts via overseas accounts prescribed in Clause 2 of this Article.
2. Credit institutions and enterprises trading gold via overseas accounts shall finalize and close overseas gold-trading accounts before March 30, 2010.
