Vietnam’s New Circular on Foreign Exchange Management in respect of Foreign Loans applied to Enterprises
On 26 February 2016, the State Bank of Vietnam ("SBV") issued Circular No. 03/2016/TT-NHNN providing instructions on foreign exchange management in respect of the borrowing and repayment of foreign loans applied to enterprises ("Circular No. 03"). Circular No. 03 takes effect on 15 April 2016 and replaces Circulars No. 091 and No. 252.