This Circular provides for registration for foreign currency trading, trading method, term of trade and procedures for foreign currency trading between the State Bank of Vietnam (SBV) and commercial banks.
Accordingly, permitted commercial banks that wishes to establish foreign currency trading connection with SBV shall submit an application under Article 4, Article 5 of this Circular.
Notably, SBV shall only establish foreign currency trading connection with a contact point which is an office or a branch of each permitted commercial bank registered by the permitted commercial bank to SBV.
This Circular takes effect from February 15th, 2022.
|Published||Vietlaw's Newsletter No. 549|