Quyết định 46/2003/QĐ-TTg

THE PRIME MINISTER

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.

1. This Decision replaces previous decisions of the Prime Minister on the obligation to sell and the right to buy foreign currencies of residents being organizations, and takes effect 15 days after it is published on the Official Gazette.

2. The Governor of Vietnam State Bank shall have to guide the implementation of this Decision.

The ministers, the heads of the ministerial-level agencies, the heads of the agencies attached to the Government and the presidents of the provincial/municipal People’s Committees shall have to implement this Decision.

Prime Minister
PHAN VAN KHAI