To lengthen the term for short-term loans by foreign currency
This content is prescribed at the Circular No. 31/2016/TT-NHNN of the State Bank of Vietnam on amending, supplementing a number of articles of the Circular No. 24/2015/TT-NHNN dated December 8, 2015 of the State Bank of Vietnam on foreign currency loans granted to residents by credit institutions and branches of foreign banks. In particular, short-term […]
The tactics to exchange the foreign currency in the market
ANTD: Following Resolution No. 11 of Government regarding to inflation decrease, macroeconomic stability, the State Bank of Vietnam strictly prevented the development of the “black market” of foreign currency by issuing Circular No. 20/2011/TT-NHNN. However, due to the huge profit arising from the “black market”, there are many gold stores hiding their illegal foreign currency […]