Regulatory Alerts2025-04-29 | 03/2025/TT-NHNNAdded · Updated
Circular 03/2025/TT-NHNN on Opening and Using Vietnamese Dong Accounts for Indirect Foreign Investment in Vietnam
The State Bank of Vietnam issued Circular 03/2025/TT-NHNN to regulate the opening and use of Vietnamese Dong accounts for indirect foreign investment, replacing previous directives on direct investment and specific threshold rules. The circular mandates that foreign investors conduct all related transactions through dedicated indirect investment accounts, strictly prohibiting the conversion of investment balances into fixed-term deposits or the use of joint accounts. It establishes detailed procedures for account opening, permissible income and expenditure categories, and imposes compliance obligations on both foreign investors and authorized banks to ensure adherence to anti-money laundering and foreign exchange regulations.
More like this from SSC
SSC published 3 documents in the last 30 days. We email you each new one the day it's published.