Library

Circular 37/2012/TT-NHNN: more objects are allowed to lend foreign currency

Circular 37/2012/TT-NHNN: More objects are allowed to borrow foreign currency

Enterprises importing gasoline (assigned by the Ministry of Industry and Trade) that have need for loans in foreign currency to pay debts to foreign countries will be considered for short-term lending in foreign currency till December 31st, 2013.

The above are specified in Circular 37/2012/TT-NHNN of the State Bank of Vietnam  on December 28th, 2012.

Accordingly, a number of other capital needs also be considered for borrowing in foreign currency: Short-term, medium-term and long-term loans to pay foreign countries for imports of goods and services; short-term loans in the country to implement the business plan for goods export with conditions that borrowers have enough foreign currency fund for repayment of loans; loans for foreign direct investment oversea for important projects approved and supported by the National Assembly and the Government.

Circular takes effect from January 1st 2013, replacing Circular 03/2012/TT-NHNN on March 8th 2012.

 

Tuan Nguyen

Recent Posts

Vietnam Resolution No. 66.23/2026/NQ-CP: New Beneficial Ownership Standards for AML Compliance

The Vietnamese Government has issued Resolution No. 66.23/2026/NQ-CP, dated July 24, 2026, introducing temporary special…

4 days ago

Vietnam Steps Up Prevention of Illegal Child Labor: Decision 1415/QĐ-TTg and What Export Factories Should Check

On July 28, 2026, the Prime Minister issued Decision 1415/QĐ-TTg, which approves the National Program…

4 days ago

Construction Payment Dispute in Vietnam: 7 Issues Foreign Contractors Should Address When Payment Is Refused or Withheld

A construction payment dispute in Vietnam often becomes visible when a contractor submits a progress…

6 days ago

Vietnam Anti-dumping Investigation on Prestressed Steel Bars from China – AD24: What Interested Parties Should Know

On July 27, 2026, The Vietnam Ministry of Industry and Trade (MOIT) issued Decision No.…

6 days ago

EPC Contract Review in Vietnam: 9 Clauses Foreign Contractors Should Check Before Signing

EPC contract review in Vietnam should happen before the foreign contractor signs, mobilizes people, or…

1 week ago

Malaysia Anti-dumping Investigation on Aluminium Zinc Coated Steel from Vietnam

Malaysia has opened an anti-dumping investigation on aluminium zinc coated steel products originating in or…

1 week ago

This website uses cookies.