CIRCULAR of the STATE BANK of VIETNAM 5/NH-TT on 5-5-1980 PASSED DECISION NO. 32-CP on 31-1-1980 of the GOVERNMENT COUNCIL on the POLICY of ENCOURAGING the TRANSFER of FOREIGN CURRENCY into the PHILIPPINES on 31/1/1980, Government Council issued decision No. 32-CP on the policy of encouraging the transfer of foreign currencies in Vietnam.
Pursuant to article 4 of the aforementioned decision, the State Bank of Vietnam uniform enforcement guidelines the following specific issues.
 
I. Foreign Currency, Gold, PRECIOUS METALS MOVED Into VIETNAM 1. Exchange moved into Vietnam to sell to the State enjoy preferential regimes including cash, valuable papers were valid when the entry and foreign currency bank transfer for foreign trade of Vietnam.
a. Exchange of cash as banks are circulating banknotes of foreign countries include the following types:-French, teeth-teeth's 's Switzerland, Marxist-Germany,-British pound, Hong Kong dollar-,-us dollars.
b. the valuable papers are the papers of value paid in foreign currency investors a say on (a) which the Bank for foreign trade of Vietnam can pay (consumption) are with foreign banks.
c. foreign currency wire transfer is recorded on the exchange the vouchers through the forms of payments between foreign banks and the Bank for foreign trade of Vietnam, with the currency comes on (a) and the currency can be converted by the Bank for foreign trade of Vietnam notify each period.
2. Gold, precious metals moved into Vietnam, sold to the State enjoy preferential regimes including the following types: gold, silver, Platinum, diamonds.
 
II. PREFERENTIAL REGIMES APPLIED In The TRANSFER Of FOREIGN CURRENCY, Gold, PRECIOUS METALS Into VIETNAM 3. Person enjoy preferential say in decision No. 32-CP are institutions and individuals get foreign currency, or precious metal, gold (Forex) moved from abroad into Vietnam was sold back to the State or sent on foreign currency deposit accounts in the Bank for foreign trade of Vietnam.
Person enjoy preferential regimes include:-the citizens of the Socialist Republic of Vietnam (including officers, workers, students working, study abroad);
-The Vietnam and loved in their family (spouse, children) making a living abroad;
-The economic organization of science-engineering, social organizations, unions, religious people are admitted to the State and not part of an allocation of funds of the State budget;
-Alien to reside in the territory of the Socialist Republic of Vietnam.
4. incentive allowance Level: a. the number of Exchange selling to get Vietnam Dong rates charged by the current transaction from the same 500:-Vietnam back down, be 100% plus the allowance on rates of purchase;
-On the same 500 to 1500 Vietnam Dong, plus 120% allowance on rates, Vietnam bronze, 1500-plus 150% allowance on rates.
b. the sale of gold, silver, Platinum, diamonds take Vietnam Dong added 30% allowance on existing business purchase price by the State Bank of Vietnam announced.
5. The seller Vietnam Dong, apart from taking foreign exchange allowance incentives (point 4) was also certified foreign exchange was to make the base a purchase in the store (as explained in circular The State Bank-finance-foreign trade).
6. Vietnam People residing in Vietnam by foreign money foreign exchange sale posted on socialist savings, will be entitled to interest equal to 150% of the interest paid to the savings in the country and was turning the shared prize. Capital and interest savings are not transferred abroad, not the certification has currency exchange.
7. Vietnam Who reside abroad are open foreign currency deposit accounts in the Bank for foreign trade of Vietnam, and was entitled to interest according to money market interest rates in the world due to the Bank for foreign trade of Vietnam announced in each time period; are exempt from the fees; capital and interest on foreign currency deposits be transferred abroad. If sold to a bank to cash in Vietnam are entitled to all benefits as specified in points 4, 5 and 6 above.
 
III. MEASURES For UNDERWAY 8. The Bank for foreign trade of Vietnam is responsible for:-manual checking and holding the currency to buy foreign currency and the opening, use of foreign currency deposit accounts of Vietnamese in the city of Hanoi, Haiphong, Da Nang, Ho Chi Minh City and Vung Tau-con DAO special zone;
-Inform the foreign currency purchased by bank transfer and foreign exchange deposit interest rate each period;
-Manual procedures and use the certificate has currency exchange.
9. The company, trading gold, silver shop of the city of Hanoi, Haiphong, Danang and Ho Chi Minh City is responsible for the purchase of gold and precious metals of Vietnam under preferential say in this circular. The Bank for foreign trade of Vietnam and the central company is responsible for guiding the certification procedure has foreign exchange for the Vietnamese selling gold and precious metals in the stores.
10. Savings Fund of the Central Socialist is responsible for guiding the Organization collect and manage savings deposits of the Vietnamese.
11. The Vietnamese we have balance on savings deposit accounts, foreign currency deposit accounts enjoy preferential regimes (say in points 6 and 7) since the day this circular effect.
This circular has effect from the date of June 1, 1980, the previous text contrary to this circular are repealed.
Obtaining and paying remittances those years also make mistakes and delays, difficult obstacles for the recipient of the money. The next time the State Bank and the Bank for foreign trade of the levels to enhance the sense of responsibility, make work pay conveniently and quickly to contribute to the increase of foreign exchange for the State.