{
  "title": "Press Release: Vietnam Accepts IMF's Article VIII Obligations",
  "publication": "IMF News, January 5, 2006",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr0602",
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  "summary": "The government of Vietnam has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3 and 4 of the IMF's Articles of Agreement, with effect from November 8, 2005.",
  "publishDate": "2006-01-05",
  "sections": [
    {
      "heading": "Action taken",
      "content": "- The government of Vietnam has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3 and 4 of the IMF's Articles of Agreement, with effect from November 8, 2005.\n- Under Article VIII, Sections 2, 3 and 4, IMF members undertake not to impose restrictions on the making of payments and transfers for current international transactions, and not to engage in, or permit any of their fiscal agencies to engage in, any discriminatory currency arrangement or multiple currency practice, except with IMF approval."
    },
    {
      "heading": "Implications and signaling",
      "content": "- By accepting the obligations of Article VIII, Sections 2, 3 and 4, Vietnam signals to the international community that it will pursue economic policies which will make restrictions on the making of payments and transfers for current international transactions unnecessary, and will contribute to a multilateral payments system free of restrictions.\n- A total of 165 of the IMF's 184 members have now accepted the obligations of Article VIII, Sections 2, 3 and 4."
    },
    {
      "heading": "Membership and financial position",
      "content": "- Vietnam joined the IMF on September 21, 1956.\n- Vietnam's quota is SDR 329.1 million (about US$475.3 million).\n- Vietnam's outstanding financial obligations to the IMF amounted to SDR 148.36 million as of November 30, 2005.\n\nPress Release No. 06/02, January 5, 2006 — International Monetary Fund.\n\n---\n\n\n References\n\n- Vietnam and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr0602"
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    "Published: January 5, 2006",
    "The government of Vietnam has notified the International Monetary Fund (IMF) that it has accepted the obligations of Article VIII, Sections 2, 3 and 4 of the IMF's Articles of Agreement, with effect from November 8, 2005.",
    "Under Article VIII, Sections 2, 3 and 4, IMF members undertake not to impose restrictions on the making of payments and transfers for current international transactions, and not to engage in, or permit any of their fiscal agencies to engage in, any discriminatory currency arrangement or multiple currency practice, except with IMF approval.",
    "By accepting the obligations of Article VIII, Sections 2, 3 and 4, Vietnam signals to the international community that it will pursue economic policies which will make restrictions on the making of payments and transfers for current international transactions unnecessary, and will contribute to a multilateral payments system free of restrictions.",
    "A total of 165 of the IMF's 184 members have now accepted the obligations of Article VIII, Sections 2, 3 and 4.",
    "Vietnam joined the IMF on September 21, 1956.",
    "Vietnam's quota is SDR 329.1 million (about US$475.3 million).",
    "Vietnam's outstanding financial obligations to the IMF amounted to SDR 148.36 million as of November 30, 2005.",
    "[Vietnam and the IMF](http://www.imf.org/external/country/VNM/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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