SBV Requires Credit Institutions to Report Foreign Currency Loans, Investments

The State Bank of Vietnam (SBV) has recently issued the Document No. 7493/NHNN-CSTT, requiring credit institutions to make reports on foreign currency-denominated loans and investments.

 

In order to collect data on foreign currency-denominated loans and investment by credit institutions for the monetary policy management, SBV requires credit institutions to make monthly reports by filling in the SBV’s forms on foreign currency-denominated loans and investment to be sent to the SBV (the Monetary Policy Department) on the tenth day of the following month.

 

Besides, they must send reports to the SBV on the sources of foreign currency repayment by clients in the fourth quarter of 2010 and the first quarter of 2011.