foreign currencies

Central bank sets rules on transfer of money abroad for sponsorship, assistance purposes

January 31, 2023 | 11:14

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.

Status of foreign currencies in sale or purchase of shares

November 23, 2022 | 10:37

Agreements on transfer prices or payment in foreign currencies in the sale and purchase of shares may entail legal risks, potentially leaving transactions invalid.

New regulations on use of foreign currencies in Vietnam

April 10, 2019 | 20:46

The State Bank of Vietnam recently issued Circular No. 03/2019/TT-NHNN on amending and supplementing a number of articles of Circular No. 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies across the Vietnamese territory.

Central bank extends forex loan policy

December 29, 2017 | 16:45

The State Bank of Viet Nam (SBV) has officially extended a policy allowing exporters to take loans in foreign currencies for another year instead of stopping it on December 31 as planned.

FX fears give firms a wobble

December 28, 2012 | 10:09

Import-export firms are anxious about key foreign currencies’ lending restrictions to bite from 2013.

Under fire Deposit Insurance Law can do the job

February 11, 2012 | 11:12

Scores of industry insiders argue that the draft Law on Deposit Insurance which does not insure gold and foreign currencies will make it difficult for banks to raise these assets from the community.

Banks bid to attract fresh gold deposits

November 21, 2011 | 19:09

Banks in Ho Chi Minh City are vying to increase interest rates on gold and deposits in unpopular foreign currencies, considering it as a solution to improve liquidity.

Monetary, banking fines raised

October 24, 2011 | 18:41

A new decree issued by the government on October 21 increases punishments for administrative violations in the financial and banking sector.

A steady hand to guide economy

August 15, 2011 | 09:39

Newly-elected State Bank governor Nguyen Van Binh talks to VIR about the bank’s main goals and explains why the country has reasons to be optimistic on the forex front.

New regulations on individual gold and foreign currency issued

March 20, 2011 | 16:50

The possession of gold bullion and purchasing of foreign currencies in cash are still legal, despite the government considering the issuance of a new decree on the trade of gold.