Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Thursday, August 24, 2017

Vietnam’s international settlement balance to be managed

Updated: 16:18’ - 20/06/2014

Under Government Decree No. 16/2014/ND-CP issued on March 3, on management of Vietnam’s international settlement balance, the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Labor, War Invalids and Social Affairs, the Ministry of Industry and Trade and providers of information serving the formulation, analysis and forecast of Vietnam’s international settlement balance are responsible for providing data for elaboration of general statistic reports on transactions between residents and non-residents within a given period.

The data include guidelines, policies, plans and strategies for Vietnam’s socio-economic development in each period which are related to the import and export of goods, services and labor, attraction of foreign investment, offshore investment and short-, medium- and long-term foreign loans as well as the implementation of such guidelines, policies and plans; reporting forms as prescribed by law or other information at the request of the State Bank to serve periodical or unexpected statistic investigation.

The settlement balance must be formulated and analyzed on a quarterly or annual basis.

In September every year or every quarter, the State Bank assumes the prime responsibility and coordinates with ministries in forecasting main breakdowns of the settlement balance of the subsequent year and considering and adjusting settlement balance forecasts to suit the international and national economic reality.

This Decree will take effect on April 21, 2014 and replaces Decree No. 164/1999/ND-CP of November 16, 1999.-


VNL_KH1 

Send Us Your Comments:

See also:

Video

Vietnam Law & Legal Forum