DECISION NoDECISION No. 61/2002/QD-TTg of May 15, 2002 amending Clause 1, Article 1 of the Prime Minister�s Decision No. 61/2001/QD-TTg of April 25, 2001 on the obligation to sell and the right to buy foreign currencies of residents being organizations
To amend Clause 1, Article 1 of Decision No. 61/2001/QD-TTg as follows:
"Residents being Vietnamese economic organizations, foreign-invested enterprises, foreign parties to business cooperation contracts, branches of foreign companies, foreign contractors and domestic contractors joining partnership with foreign parties shall have to immediately sell at least 30% of their foreign currency amounts earned from current revenue sources to Vietnam-based banks licensed by the State Bank to deal in foreign exchange (hereinafter referred to as licensed banks) as from the date such foreign currency amounts are transferred or remitted into their foreign currency accounts opened at the licensed banks".
This Decision takes effect after its signing.- (Summary)