“The Ministry of Finance has proposed abolishing existing overseas investment registration certificates to facilitate capital outflows, recommending instead a streamlined foreign exchange management approach.
The proposal was raised in the draft revision of the Law on Investment.
Under the draft, the ministry proposed removing the requirement for investors to obtain approvals from the National Assembly, the Prime Minister and the Ministry of Finance before investing abroad. Instead, investors would only have to register their capital transfers with the State Bank of Việt Nam (SBV).” – Viet Nam News
Source: MoF Mulls Scrapping Licences For Outbound Capital
MoF Mulls Scrapping Licences For Outbound Capital
