Financial Regulatory Forum

Vietnam cuts foreign exchange compulsory reserves

January 18, 2010

HANOI, Jan 18 (Reuters) – Vietnam’s central bank said on Monday it would cut the compulsory reserves banks must keep on non-term foreign currency deposits and on those with terms of up to 12 months to 4 percent from 7 percent.

Vietnam bans fees in dollar transactions

July 1, 2009

   HANOI, July 1 (Reuters) – Vietnam’s central bank on Wednesday banned all banks from charging fees and commissions on dollar/dong transactions, as part of efforts to curb dollar sales outside the trading band.