Financial capabilities of the investor in Vietnam

Financial capabilities of the investor in Vietnam

In accordance with Circular 19/2014/TT-NHNN guiding the foreign exchange management for the foreign direct investment in Vietnam, Capital contribution by money of the foreign investor and Vietnamese investor in a Foreign Direct Investment Enterprise (“FDI enterprise”) must be implemented by money transfer into “Direct investment account” of the FDI enterprise.

So, you need to prove the financial capabilities of the investor in Vietnam through a Direct investment account. In order to understand more about the proof for financial capabilities of the investor in Vietnam through a Direct investment account, you need to understand about direct investment account as specified in Circular 19/2014/TT-NHNN guiding the foreign exchange management for the foreign direct investment in Vietnam.

https://en.wikipedia.org/wiki/Foreign_direct_investment

“Direct investment account” means foreign currency or Vietnamese dong demand accounts opened by FDI enterprises at authorized banks to perform transactions regarding the foreign direct investment in Vietnam under the regulations stated in Article 6, 7 and 8 of this Circular.

In order to perform the foreign direct investment activities in Vietnam, FDI enterprises are entitled to open their foreign currency and Vietnamese dong account of direct investment at 01 (one) authorized bank for the purpose of their receipt and expenditure transactions as stipulated in this Circular.

The foreign currency/Vietnamese dong account of direct investment is used to receive an amount of direct invested capital in foreign currency from foreign and Vietnamese investors contributed into FDI enterprises.

foreign investment

In order  to prove about financial capabilities of the investor, you have to prepare (1) confirmation document of the Bank about the investor ’s capital contribution into the foreign current/Vietnamese dong account of direct investment of the FDI enterprise (2) Banking Account Statements about capital contribution of the investor for the foreign current/Vietnamese dong account of direct investment of the FDI enterprise (3) Payment order of the investor for the foreign current/Vietnamese dong account of direct investment of the FDI enterprise (4)other documents verifying about the capital contribution of the investor for the FDI enterprise.

For more details, please contact Hnlaw & Partners at tuvan.hnlaw@gmail.com

Hotline: (+84) 912918296

Leave a Reply

avatar
  Subscribe  
Notify of