State Bank issues new regulations on use of foreign currencies in Vietnam

The State Bank of Vietnam has issued Circular 03/2019/TT-NHNN to amend and supplement several provisions of Circular 32/2013/TT-NHNN on restricting the use of foreign currencies in the territory of Vietnam.

Accordingly, Circular 03 supplements certain provisions regarding the cases that non-residents are allowed to use foreign currencies within the Vietnamese territory. The new Circular will take effect from May 13, 2019.

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