The Hanoitimes – The State Bank of Viet Nam is drafting a new legal document to replace the current Decree No. 161/2006/ND-CP dated December 28, 2006 on cash payment.
The current decree provides for cash payment limits, cash transaction charges and withdrawals of Vietnam dong cash in large quantity in transaction and payment in Viet Nam.
Applicable entities include: Payment service-providing organizations, state treasuries; State budget-funded agencies and organizations, and organizations using state capital; and other organizations and individuals having cash transactions with payment service-providing organizations.
If beneficiaries have no accounts at payment service-providing organizations or state treasuries, state budged-funded agencies and organizations and organizations using state capital may pay them cash.
Payment service-providing organizations and state treasuries may agree with organizations and individuals on the withdrawal of cash in large quantity and on the advance notification of such withdrawal.
By Nguyen Ngan
Đăng ký: VietNam News