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 on inspections, particularly at unauthorized currency exchange points, and to strictly penalize offenders.
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 cooperation to tighten control over the foreign exchange market. This aims to curb speculation, hoarding, and illegal currency trading in the unofficial market.
The agency emphasizes early detection and strict enforcement, calling on ministries and sectors to proactively share information on violations. This ensures timely intervention to maintain 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’s 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
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The State Bank of Vietnam has issued a directive to its branches in Region I and Region II, urging them to tighten control over the foreign exchange market. This move comes in response to significant fluctuations in exchange rates observed between the banking system and the ‘black market’.
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