THE GOVERNMENT
 
THE SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
No. 16/2014/ND-CP
Hanoi, March 3, 2014
 
 
DECREE
On management of the balance of international
payments of Vietnam [1]
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the June 17, 2003 Law on Statistics;
Pursuant to the June 16, 2010 Law on the State Bank of Vietnam;
Pursuant to the December 13, 2005 Ordinance on Foreign Exchange;
Pursuant to the March 18, 2013 Ordinance Amending and Supplementing a Number of Articles of the Ordinance on Foreign Exchange;
At the proposal of the Governor of the State Bank of Vietnam,
The Government promulgates the Decree on management of the balance of international payments of Vietnam.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of regulation
This Decree prescribes the provision and receipt of information, formulation, monitoring, forecasting and analysis of the balance of international payments of Vietnam.
Article 2. Subjects of application
1. The State Bank of Vietnam (below referred to as the State Bank).
2. The Ministries of:
a/ Planning and Investment;
b/ Finance;
c/ Industry and Trade;
d/ Labor, War Invalids and Social Affairs.
3. Other individuals and organizations that provide information to serve the formulation, analysis and forecasting of the balance of international payments of Vietnam.
Article 3. Interpretation of terms
In this Decree, the terms below are construed as follows:
1. Residents and non-residents in Vietnam (below referred to as residents and non-residents) are those defined by December 13, 2005 Ordinance No. 28/2005/PL-UBTV on Foreign Exchange and March 18, 2013 Ordinance No. 06/2013/UBTVQH13 Amending and Supplementing a Number of Articles of the Ordinance on Foreign Exchange.
2. Balance of international payments of Vietnam (below referred to as balance of payments) means general statistical report on transactions between residents and non-residents over a given period.
3. FOB (free on board) value means the value of goods not inclusive of insurance cost and freight.
4. Non-financial, non-production assets include contracts, leasing contracts, licenses of marks, brands, symbols, domain names, rights to use natural resources, operation licenses and exclusive right to purchase a goods item or service.
5. Change in the State’s official foreign exchange reserve means an increase or a decrease in the State’s official foreign exchange reserve brought about by transactions in a reporting period.
6. Adjustment of balance of payments data means modification of previously publicized data on the basis of reviewing and comparing data sources in order to ensure the accuracy of data and compliance with the principles and scope of statistics of the balance of payments.
Article 4. Units providing and receiving information for formulation of balance of payments
1. Units providing information: The subjects specified in Clauses 2 and 3, Article 2 of this Decree.
2. Unit receiving information: The State Bank.
Article 5. Principles of information provision and receipt     
1. Assurance of the truthfulness, objectiveness, accuracy, adequacy and timeliness of information provided.
2. Uniformity of report form, calculation method, unit of measurement, time limit for and method of information provision.
3. No repetition and overlap among information indicators.