Chương 3 Nghị định 48/1999/NĐ-CP: Trách nhiệm của thương nhân và văn phòng đại diện, chi nhánh

Chapter III

THE RESPONSIBILITIES OF TRADERS AND THEIR REPRESENTATIVE OFFICES AND/OR BRANCHES

Article 9.- The responsibilities of traders:

1. Traders that have domestic representative offices and/or branches shall be held responsible before law for the operations of their respective representative offices and/or branches; and annually report in writing to the registration office on operations of their representative offices and/or branches.

2. Traders having overseas representative offices and/or branches shall have to:

a) Abide by Vietnamese laws and the host countries’ laws; take responsibility before the Vietnamese law for the operations of their respective overseas representative offices and/or branches.

b) Refrain from authorizing officials or employees of representation missions of the Socialist Republic of Vietnam in foreign countries to exercise rights and perform obligations of representative offices or branches in any forms.

c) When transferring foreign currency(ies) to overseas representative offices and branches, to comply with the current regulations on foreign exchange management.

d) Annually report in writing to the registration office on the operations of their respective representative offices and/or branches.

Article 10.- The responsibilities of representative offices and branches

1. Domestic representative offices and branches shall have to abide by the provisions of law, and be answerable to their parent traders for all their operations.

2. Overseas representative offices and branches shall have to abide by the Vietnamese law and the host countries’ laws, and be answerable to their parent traders for all their operations.