Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes
Illustrative image (Photo: VNA)
The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.
According to Circular 20/2022/TT-NHNN, those cases include purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes under commitments and agreements between the State, Government, and local administrations with other countries. The funding comes from the budgets or money sources of sponsoring and assistance providing organisations.
The cases also include purchasing and sending foreign currencies abroad for supporting the settlement of natural disaster, epidemic, and war consequences. The funding is from donations by domestic organisations and inpiduals, and/or money sources of sponsors and assistance providers.
They also cover purchasing and sending foreign currencies abroad to finance programmes, funds, and projects established by domestic organisations and/or foreign ones with the view of supporting and encouraging the development in the fields of culture, education (scholarship granting), and health care. The funding comes from money sources of sponsoring organisations.
The document also stipulates other cases of transferring money abroad from Vietnam for other purposes. It will take effect on February 15./.
Related News
Stipulate implementation of centralized bilateral payments of the State Treasury at banks
09:29 | 29/10/2024 Finance
How does the Fed's interest rate cut affect Vietnam?
11:56 | 05/10/2024 Headlines
Bank profits improve but there are no expectations
09:48 | 20/07/2024 Import-Export
Another six months for debt restructuring but need to manage bad debt risks
09:37 | 12/07/2024 Finance
Latest News
M&A activities show signs of recovery
13:28 | 04/11/2024 Finance
Fiscal policy needs to return to normal state in new period
09:54 | 04/11/2024 Finance
Ensuring national public debt safety in 2024
17:33 | 03/11/2024 Finance
Removing many bottlenecks in regular spending to purchase assets and equipment
07:14 | 03/11/2024 Finance
More News
Continue to handle cross-ownership in banks
10:35 | 02/11/2024 Finance
Striving for average CPI not to exceed 4%
16:41 | 01/11/2024 Finance
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable
16:39 | 01/11/2024 Finance
Removing difficulties in public investment disbursement
09:30 | 31/10/2024 Finance
State-owned commercial banking sector performs optimistic growth, but more capital in need
09:28 | 31/10/2024 Finance
Rush to finalize draft decree on public asset restructuring
09:28 | 29/10/2024 Finance
Inspection report on gold trading activities being complied: SBV
14:37 | 28/10/2024 Finance
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%
10:45 | 28/10/2024 Finance
Ensure timely and effective management and use of public asset
11:31 | 27/10/2024 Finance
Your care
M&A activities show signs of recovery
13:28 | 04/11/2024 Finance
Fiscal policy needs to return to normal state in new period
09:54 | 04/11/2024 Finance
Ensuring national public debt safety in 2024
17:33 | 03/11/2024 Finance
Removing many bottlenecks in regular spending to purchase assets and equipment
07:14 | 03/11/2024 Finance
Continue to handle cross-ownership in banks
10:35 | 02/11/2024 Finance