Vietnam tightens control on foreign currencies
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Reducing the amount of foreign currencies that can be brought abroad without customs declaration from US$7,000 to $5,000 is one of various measures the government is carrying out to tighten control on foreign currencies.
In a recent Prime Minister’s decision, the government also requested the State Bank of Vietnam to reduce dollar deposits at commercial banks to below 30 percenr of their chartered capital this month.
The central bank is also to tighten control on foreign currency payment, listing, and advertising in Vietnam.
