The State Bank of Vietnam (SBV) has mandated its two branches to inspect and monitor foreign currency trading activities within the banking system, promptly identifying and addressing any violations. They are also tasked with advising the People’s Committee to direct the police and relevant authorities to collaborate in inspecting unauthorized currency exchange points, ensuring strict penalties for non-compliance.
All units must submit their implementation reports by November 10, 2025.
 SBV tightens control over the foreign exchange market. Photo: Phạm Hải |
Previously, the SBV issued a directive to the Ministry of Public Security, Ministry of Industry and Trade, and the Government Inspectorate, urging inter-agency collaboration to tighten control over the foreign exchange market. This aims to curb speculative activities, hoarding, and illegal trading in the unofficial market.
The agency emphasizes early detection and severe penalties, encouraging ministries to share violation data for timely intervention, ensuring banking system safety and market stability.
In the official market, the USD/VND exchange rate has cooled. As of October 29, Vietcombank listed the buying-selling rate at 26,075 – 26,345 VND/USD, a slight decrease from the previous week (26,146 – 26,356 VND/USD). This marks the second consecutive week of decline after a prolonged upward trend.
Tuân Nguyễn
– 18:54 29/10/2025
