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01/15/2005

ベトナム State Bank Expands Individuals' Forex Rights

http://www.ven.org.vn/print_news.php?id=2520

The State Bank of Vietnam has recently announced Decision 1452 on foreign exchange by credit institutions and for the first time permitted individuals to conduct term foreign exchanges and currency option transactions with banks.
Director Truong Van Phuoc at the Foreign Exchange Management Department of the State Bank says term exchange is suited to those having foreign currency (such as foreign currency depositors), who now can sell currency to a bank over a term for a higher price than selling it at once.

In cases where individuals need to use foreign currency for legitimate purposes, such as studying and treating diseases in foreign countries, they are advised to buy the right to have this currency option to prevent risks caused by changes in the exchange rate.
Tung Lien

Ministry of Tradeが刊行しているようだ。

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