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Legal updates

We regularly update legal documents on accounting, tax, labor and other related fields for our clients.

Official Letter No. 5051/NHNN-QLNH dated July 10th 2020 of the State Bank of Vietnam about Using of foreign currency when selling goods and providing services to export processing enterprises.

According to current regulations, in case of an export processing enterprise (EPE) buys goods from the domestic market, the current regulation just allowed using foreign currencies for the transaction of buying input raw materials, input supplies, input accessories, etc. serving directly in the producing, processing, recycling or assembling of exporting goods or exporting

Therefore, a contract between an EPE and a domestic company to buy uniforms, construction and repair services, etc. is NOT allowed to use foreign exchange in the territory of Vietnam.

Consequently, it can be understood that the domestic companies providing services or selling goods not be input raw materials, input supplies, input accessories, etc. directly serving in the producing, processing and recycling, assembling of exporting goods or exporting is NOT allowed to value, quote price in foreign currency and NOT be issued invoices in foreign currency to the EPE.

Please kindly find detail in the attached file.

20200710_CV5051NHNN_ Ve viec su dung ngoai te khi ban hang hoa cung cap dich vu cho DNCX

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