Latest topics
» Random Acts Of Kindness
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:37 am by PurpleSkyz

» The Giant Hole In The Moon!
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:35 am by PurpleSkyz

» Saving America's Great Barrier Reef
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:32 am by PurpleSkyz

» China Quarantines City Of 11 Million As Hong Kong Confirms Second Case Of Coronavirus
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:29 am by PurpleSkyz

» NIBIRU News ~ Nibiru "Planet X" Confirmed By Google Sky? plus MORE
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:23 am by PurpleSkyz

» New facility to produce oxygen from Moon dust
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:20 am by PurpleSkyz

» SCAMMER ALERT! - Judy aka Quartz Crystal the Source Player is PLAYING You for DONATIONS! - PLUS A CULT MEMBER CONVERSATION
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:13 am by Malisa

» Crashed UFOs and secret operational bases in Antarctica Part 2
Vietnam News: FDI firms may open local currency accounts EmptyToday at 12:12 am by PurpleSkyz

» Karen Hudes ~ "In Transition to a Kinder World" Part 1&2
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 8:33 pm by PurpleSkyz

» The Neila by TS Caladan
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 2:05 pm by PurpleSkyz

» Vermont Bill Would Ban Cell Phone Use for Anyone Under Age 21
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 11:31 am by PurpleSkyz

» FULL (of it) Benjamin blablabla Fulford 1-20-2020… Rothschilds kicked out of Russia and Japan as world revolution unfolds
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 11:28 am by PurpleSkyz

» Who Built The Kapilikaya Rock Tomb?
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 11:12 am by PurpleSkyz

» Is the new ‘deadly China virus’ a covert operation?
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 11:05 am by PurpleSkyz

» Loci: BigRep rolls out 3D printed autonomous electric podcar
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 10:54 am by PurpleSkyz

» Oumuamua Turns Right Near the Sun By Telescope?
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 10:50 am by PurpleSkyz

» MIT Shape Changing Interface Letting You Interact From A Long Distance
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 10:43 am by PurpleSkyz

» #QTard Drama Theater - Impeach Highlights/Schiff Caught Leaking Again plus more
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 10:41 am by PurpleSkyz

» Is the Truth Movement Dead?
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 10:39 am by PurpleSkyz

» UFO researcher unveils crashed UFOs and secret operational bases in Antarctica Part 1
Vietnam News: FDI firms may open local currency accounts EmptyYesterday at 10:36 am by PurpleSkyz






CURRENT MOON




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Vietnam News: FDI firms may open local currency accounts

Vietnam News: FDI firms may open local currency accounts

Go down  Message [Page 1 of 1]

ymoilman2


Vietnam News: FDI firms may open local currency accounts

Posted: November 22, 2013 in Asian Currency Markets

VietNamNet Bridge– International investors and foreign direct investment (FDI) enterprises operating in the country may be allowed to open investment accounts in Vietnamese dong in addition to those in foreign currency.
The central bank has been passing around a draft circular governing the management of foreign exchange operations related to FDI enterprises in the country.
The draft, which is designed to guide the execution of the amended Ordinance on Foreign Exchange, requires FDI businesses and foreign investors involved in a business cooperation contract in Vietnam to open accounts at one of the banks licensed for foreign exchange transactions to serve their investment operations here in the nation.
One of the noticeable points in the draft is those accounts should not necessarily be in foreign currency as currently regulated. This might be because in reality, foreign partners in Vietnam-foreign joint ventures have been able to contribute capital or take out loans in either Vietnam dong or foreign currency.
This provision in the draft would open the way for FDI companies and international investors to use any legal funding sources in both dong and foreign currency to make capital contributions to domestic projects.
If this came true, foreign investors could take a huge sigh of relief as life would be made much easier for them.
However, if dong is used for capital contribution, FDI businesses or foreign investors involved in business
cooperation contracts would be required to open their accounts in dong at the banks where they currently have foreign currency accounts to conduct legal transactions in dong.
When they move their accounts from one bank to another, they would have to close their accounts at the current institution and transfer all the balance to their new accounts at the new banks.
Source: SGT
bit.ly/Ikg6ze

Visit stage2omega at: http://www.stage2omega.com/?xg_source=msg_mes_netw
ork

Herb Lady

Herb Lady
Thanks Yman!



Take care of the land and the animals and they will take care of you!

Come visit my site at:  https://onlynaturesmagic.com/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum