Decision 180/1999/QĐ-TTg

Article 1.- To amend Clause 1, Article 1 of the Prime Minister�s Decision No. 173/1998/QD-TTg of September 12, 1998 on the obligation to sell and the right to buy foreign currency(ies) of the residents being organizations as follows:

Residents being Vietnam economic organizations, foreign-invested enterprises and foreign partners to business cooperation contracts that are ensured with the Vietnamese Government�s support for foreign currency balance and branches of foreign companies, foreign contractors, domestic contractors joining partnership with foreign ones, shall have to immediately sell at least 50% of their foreign currency amounts earned from current revenue sources to the licensed banks.

Article 2.- This Decision takes effect after its signing. The Governor of Vietnam State Bank shall have to guide the implementation of this Decision.

Article 3.- The ministers, the heads of the ministerial-level agencies, the heads of the agencies attached to the Government, the presidents of the People�s Committee of the provinces and centrally-run cities shall have to implement this Decision.