Global Trade Alert
Global Trade Alert

Vietnam: Restrictions on foreign currency lending

Announcement

24 Mar 2011

In March 2011, the government of Vietnam announced a rule change for international private debt transactions.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 May 2011

Revocation date:

08 May 2012

Updated: 24 Mar 2011
Controls on credit operations

 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 cu...

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