New guidelines on overseas stock reward programs

• Commercial presences in Vietnam of foreign organizations in the following forms: Foreign-invested economic organizations; Branches; Representative offices; Operating offices of foreign investors in business cooperation contracts;
• Economic organizations related to foreign organizations through share ownership, capital contribution, or other forms as prescribed by Vietnamese law.

​(​Currently, Circular 10/2016/TT-NHNN only includes the commercial presence of foreign organizations in Vietnam.)

• The overseas stock reward program with Vietnamese nationals as participants can only be implemented through the implementing entities;
  
• Foreign currency earned from dividends and other legal income related to the overseas stock reward program must be transferred to Vietnamese nationals through the account implementing the program as prescribed in Article 12 of Circular 10/2016/TT-NHNN;
  
• Compliance with regulations on foreign exchange management, income tax obligations, and other relevant regulations of Vietnamese law.

• Direct rewards with stocks;
  
• Other forms of stock rewards overseas that do not result in cash outflows.