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Vietnam: Restrictions on foreign currency lending

Description

On 24 March 2011, the State Bank of Vietnam (SBV) issued Circular No.07/2011/TT-NHNN restricting foreign currency lending in Vietnam. Local and foreign banks are allowed to lend in foreign currency o...

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Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

09 May 2011

Revocation date

08 May 2012

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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