SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, October 18, 2005
ON AMENDMENT OF AND ADDITION TO A NUMBER OF ARTICLES OF DECREE 63/1998/ND-CP DATED 17 AUGUST 1998 OF THE GOVERNMENT ON FOREIGN EXCHANGE CONTROL
Pursuant to the Law on Organization of the Government dated 25 December 2001;
Pursuant to the Law on State Bank of Vietnam 01/1997/QH10 dated 12 December 1997 and the Law on Amendment of and Addition to a number of articles of the Law on State Bank of Vietnam No. 10/2003/QH11 dated 17 June 2003;
On the proposal of the Governor of the State Bank of Vietnam
Article 1. To amend and add a number of articles to Decree 63-1998-ND-CP dated 17 August 1998 of the Government as follows:
1. Article 11.a shall be added to Chapter III (current transactions) as follows:
Article 11.a. Liberalization principle in current transactions.
In the territory of Vietnam, all payments and remittance of money with respect to current transactions shall be freely conducted.
2. Article 4.11 shall be amended and added to as follows:
11. Payment and remittance for international current transactions stipulated in this Decree comprises:
(a) Payments relating to export, import of goods, services, other current transactions, short term loans and credits from banks;
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