STATE BANK
OF VIETNAM
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No. 19/2009/TT-NHNN
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
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Hanoi, August 24, 2009
 
circular
PROVIDING GUIDANCE ON FOREIGN EXCHANGE CONTROL FOR TRANSACTIONS RELATED TO GOVERNMENT’S FOREIGN CURRENCY BONDS ISSUED IN ACCORDANCE WITH THE DECISION NO. 211/QD-TTG DATED 13 FEBRUARY 2009 OF PRIME MINISTER
of the Governor of the State Bank
 
-         Pursuant to the Law on the State Bank of Vietnam dated 12 December 1997 and the Law on the amendment, supplement of several Articles of the Law on the State Bank of Vietnam dated 17 June 2003;
-         Pursuant to the Decree No. 96/2008/ND-CP dated 26 August 2008 of the Government providing for functions, assignments, authorities and organizational structure of the State Bank of Vietnam;
-         Pursuant to the Ordinance on Foreign Exchange dated 13 December 2005;
-         Pursuant to the Decree No. 160/2006/ND-CP dated 28 December 2006 of the Government providing in details for the implementation of the Ordinance on Foreign Exchange;
-         Pursuant to the Decision No. 211/QD-TTg dated 13 February 2009 of Prime Minister on the issuance of Government’s foreign currency bonds in domestic capital market,
The State Bank of Vietnam hereby provides guidance on the implementation of foreign exchange control for transactions of Government’s foreign currency bonds of organizations, individuals in accordance with the Decision No. 211/QD-TTg dated 13 February 2009 of Prime Minister as follows:
Article 1. Governing scope and subjects of application
1. This Circular shall govern transactions of Government’s foreign currency bonds issued in conjunction with the Decision No. 211/QD-TTg dated 13 February 2009 of Prime Minister.
2. Subjects of application of this Circular shall be organizations, individuals being residents and legally operating in Vietnam, taking part in transaction of Government’s foreign currency bonds.
Article 2. Source of foreign currency for carrying out bond transactions
1. Organizations, individuals being residents shall only be permitted to use foreign currency available on their foreign currency deposit account opened at credit institutions authorized to engage in foreign exchange activity for carrying out transactions of Government’s foreign currency bond.
2. Organizations which are not permitted to use budget capital source or other supportive capital sources of Government to buy Government’s foreign currency bonds.
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