| THE PRIME MINISTER OF GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 46/2003/QD-TTg | Hanoi, April 2, 2003 |
DECISION
ON THE RATE OF FOREIGN CURRENCIES EARNED FROM CURRENT REVENUE SOURCES SUBJECT TO COMPULSORY SALE, APPLICABLE TO RESIDENTS BEING ECONOMIC ORGANIZATIONS AND SOCIAL ORGANIZATIONS
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of December 25, 2001;
Pursuant to the Government’s Decree No. 05/2001/ND-CP of January 17, 2001 amending and supplementing a number of articles of the Government’s Decree No. 63/1998/ND-CP of August 17, 1999 on foreign exchange management;
At the proposal of the Governor of Vietnam State Bank,
DECIDES:
Article 1.- The rate of foreign currencies earned from current revenue sources subject to compulsory sale, applicable to residents being Vietnamese economic organizations, foreign-invested enterprises and foreign parties to business cooperation contracts, foreign companies’ branches, foreign contractors, and contractors joining partnership with foreign parties, and residents being State agencies, armed force units, political organizations, socio-political organizations, social organizations, socio-professional organizations, and Vietnamese social funds and charitable funds, shall be 0% as from the date such foreign currency amounts are transferred or remitted into these organizations’ foreign currency accounts opened at licensed banks.
