THE MINISTRY OF TRADE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 06/2001/TT-BTM
Hanoi, March 12, 2001
CIRCULAR
GUIDING THE DEBT REPAYMENT TO THE RUSSIAN FEDERATION IN GOODS AND SERVICES
Pursuant to the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Russian Federation on handling the previously granted credit debts owed by the Socialist Republic of Vietnam to the Russian Federation and the Protocol between the Government of the Socialist Republic of Vietnam and the Government of the Russian Federation on modes of debt repayment to the Russian Federation by the Socialist Republic of Vietnam signed on September 13, 2000;
Pursuant to the Governments Decree No. 40/CP of July 3, 1995 on the repayment of foreign debts with goods and services exported for foreign currencies;
In furtherance of the Prime Ministers directing opinions in Official Dispatch No. 1019/CP-QHQT of November 9, 2000 on the mechanism of debt repayment in goods to the Russian Federation;
The Ministry of Trade hereby guides enterprises in the exportation of goods and service for debt repayment to the Russian Federation as follows:
1. Russian organizations authorized to receive debts may:
- Select their partners, goods items and types of services in accordance with current legislation of Vietnam;
- Export such goods to the third country and entrust the Vietnamese enterprises to export the goods based on the written agreement reached between the two parties to the signed contracts.
2. Vietnamese enterprises of all economic sectors, which have their business registration certificates in conformity with the current regulations on import/export, may export goods and provide services for debt repayment to the Russian Federation through the signing of contracts with Russian organizations authorized to receive debts within the debt repayment level and duration for each year, agreed upon by the two Governments.

>> See also:  Settlement lawyer services, initiating lawsuits for debt collection or debt recovery

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