State Bank: Some regulations on indirect overseas investment will be revised

DNHN - The State Bank of Vietnam is drafting a circular to amend Circular No. 10/2016/TT-NHNN regulating indirect overseas investment activities.

The State Bank of Vietnam is drafting a circular to amend Circular No. 10/2016/TT-NHNN, adjusting regulations related to indirect overseas investment activities. The State Bank said that Vietnam is increasingly actively integrating internationally in many fields, and foreign organisations implementing stock reward programmes for Vietnamese employees are playing an important role in protecting the rights of those employees.

This connection not only promotes the relationship between employees and the organisation implementing the programme but also encourages employees to be more effective in their work, contributing positively to the development of foreign-invested enterprises in Vietnam. At the same time, these activities also create favourable conditions to attract foreign investment into Vietnam through stock reward programmes, contributing to the diversification of foreign currency revenue for Vietnam.

However, in the implementation process, some contents of the regulations in Circular 10 on participation in stock reward programmes are still unclear, causing difficulties for the parties involved. To ensure clarity and transparency, as well as to meet the actual requirements and the orientation of strict management in indirect overseas investment, it is necessary to adjust Circular 10.

Bao Tran