Legal Counselling

Scope of transactions of credit institutions in Vietnam

11:25, 06/10/2015

Recently, the State Bank of Vietnam issued Circular No. 15/2015/TT-NHNN on foreign currency transaction on foreign currency market by credit institution permitted to make foreign currency transactions.

Specifically, Circular No. 15/2015/TT-NHNN of the State Bank of Vietnam determines the scope of transactions of credit institutions as follows:

- Permitted credit institutions may make foreign exchange spot transactions (FX spots), foreign exchange forwards (FX forwards), currency swaps,

FX option transactions with other permitted credit institutions.

- Permitted credit institutions may make FX spots, FX forwards, currency swaps, FX option transactions (except for buying FX options) with business organizations.

- Permitted credit institutions may make FX spots, FX forwards, FX option transactions (except for buying FX options) with residents being other organizations and individuals.

- Permitted credit institutions may make FX spots with non-residents being organizations and individuals.

View more details at Circular No. 15/2015/TT-NHNN of the State Bank of Vietnam, effective from October 05, 2015.

- Thu Ba -

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