Latest topics
Vietnam May Narrow Down Subjects to Borrow Overseas Capital
Page 1 of 1
Vietnam May Narrow Down Subjects to Borrow Overseas Capital
by 1alaskan Wed May 16, 2012 4:50 pm
Vietnam May Narrow Down Subjects to Borrow Overseas Capital
VietFinanceNews.com - The State Bank of Vietnam (SBV) has recently released the draft regulation to amend the ordinance on foreign exchange control, narrowing the subjects that are permitted to borrow capital overseas.
The draft regulation stipulates that only legally-established enterprises and credit institutions can borrow funds abroad. As such, individuals and economic institutions that are not enterprises as prescribed in the Law on Enterprises such as cooperatives are not allowed to borrow foreign capital.
In case individuals need to borrow funds abroad to carry out legal investments, they can set up their own enterprises and borrow foreign funds in accordance with current laws.
http://www.vietfinancenews.com/2012/05/vietnam-may-narrow-down-subjects-to.html
VietFinanceNews.com - The State Bank of Vietnam (SBV) has recently released the draft regulation to amend the ordinance on foreign exchange control, narrowing the subjects that are permitted to borrow capital overseas.
The draft regulation stipulates that only legally-established enterprises and credit institutions can borrow funds abroad. As such, individuals and economic institutions that are not enterprises as prescribed in the Law on Enterprises such as cooperatives are not allowed to borrow foreign capital.
In case individuals need to borrow funds abroad to carry out legal investments, they can set up their own enterprises and borrow foreign funds in accordance with current laws.
http://www.vietfinancenews.com/2012/05/vietnam-may-narrow-down-subjects-to.html
*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant
Yesterday would have been better, but today is a good day
Remember as always, JMHO
Rantings from just north of sixty
1alaskan- Elite Member
- Posts : 4668
Join date : 2011-06-21
Age : 41
Location : Planet far far away
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Phony Tony sez: Full Steam Ahead!
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
» Russia aren't taking any prisoners
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
» ZIGPLACE
» CBD Vape Cartridges
» Classic Tony is back
» THE MUSINGS OF A MADMAN
» Minister of Transport: We do not have authority over any airport in Iraq
» Did Okie Die?
» Hello all, I’m new
» The Renfrows: Prophets for Profits, Happy Anniversary!
» What Happens when Cancer is treated with Cannabis? VIDEO
» An Awesome talk between Tucker and Russell Brand
» Trafficking in children
» The second American Revolution has begun, God Bless Texas
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
» Tucker talking Canada
» Almost to the end The goodguys are winning