According to this Decision, from October 17th, 2022, the range of spot exchange rate between Vietnam dong and US Dollar shall be increased to ± 5% of the central rate disclosed by the State Bank of Vietnam applicable to the specific transaction day. Under the earlier regulation, it was +3% of the average exchange rate in the inter-bank foreign currency market.
Particularly, the spot exchange rate between Vietnam dong and other foreign currencies and the difference between the buying rate and the selling rate shall be determined by permitted credit institutions.
This Decision takes effect from October 17th, 2020 and replaces Decision No. 1636/QD-NHNN dated August 18th, 2015.
|Published||Vietlaw's Newsletter No. 584|