THE STATE BANK
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 02/2004/TT-NHNN
Hanoi, May 19, 2004
 
CIRCULAR
GUIDING THE PAYMENT OF DEPOSITS AT BANKS BY ENTERPRISES ENGAGED IN LABOR EXPORT ACTIVITIES
In furtherance of Clause 5, Article 9 and Clause 6, Article 26 of Decree No. 81/2003/ND-CP of July 17, 2003 detailing and guiding the implementation of the Labor Code's provisions on Vietnamese laborers working overseas and after consulting the Ministry of Labor, War Invalids and Social Affairs, the State Bank of Vietnam hereby guides the payment of deposits at banks by enterprises engaged in labor export activities as follows:
I. SUBJECTS OF APPLICATION AND SCOPE OF REGULATION
1. This Circular prescribes the payment of deposits by enterprises engaged in labor export activities at commercial banks (hereinafter referred to as enterprises and banks) according to Article 8 of Decree No. 81/2003/ND-CP of July 17, 2003.
2. Enterprises, banks and involved parties shall open, use and manage deposit accounts strictly according to the provisions of this Circular and relevant law provisions.