The State Bank of Vietnam (SBV) has issued Document No. 5174/NHNN-QLNH and Document No. 5175/NHNN-QLNH to require SBV provincial and municipal branches and authorised credit institutions to better manage foreign exchange operations.
On June 28, 2013, the SBV announced the depreciation of one percent of Vietnamese dong (VND) in the average interbank VND/USD exchange rate and conducted synchronous and decisive measures to stabilise the foreign exchange market. Concurrently, the SBV required SBV provincial and municipal branches to coordinate with relevant local authorities to take necessary measure to strengthen foreign exchange management, strictly deal with all cases of illegal trading of foreign exchange and gold, and handle violations as specified by the Decree No. 95/2011/ND-CP of the Government that amends and supplements some articles of the Decree 202/2004/ND-CP on administrative penalties in monetary and banking activities.
In order to continue stabilising the exchange rate and foreign exchange market, the SBV asks the Chairmen of the Boards of Directors, General Directors, and Directors of authorised credit institutions to focus on directing their entities to strictly comply with the regulations on foreign exchange management and gold trading, especially the regulations on the exchange rate and trading of foreign exchange.
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Đăng ký: VietNam News