Modifications To Foreign Loans Must Be Registered In Vietnam

The State Bank of Vietnam issued Circular No. 12/2022/TT-NHNN on September 30, 2022, with guidelines on managing foreign exchange in relation to receiving and repaying enterprise foreign loans.

The Circular stipulates that borrowers register changes to foreign loans with the State Bank of Vietnam if they make any modifications to the loans listed in the written confirmation of registration or the written confirmation of registration for changes to foreign loans of the State Bank of Vietnam, with the following exceptions:

• Changes to the plan approved by the State Bank of Vietnam on the timing of capital withdrawal and principal repayment within 10 working days;
• Changes to the borrower's address, except the province or city in which its headquarters are situated;