Governing scope

This Ordinance governs foreign exchange activities in the Socialist Republic of Vietnam.

Applicable entities

1. Organizations and individuals being residents and non-residents conducting foreign exchange activities in Vietnam.

2. Other entities involved in foreign exchange activities.

Policy of Vietnam on foreign exchange control

The State of the Socialist Republic of Vietnam shall implement its policy on foreign exchangecontrol in order to facilitate the participation of organizations and individuals in foreign exchangeactivities and in order to protect the legitimate interests of such participants, contributing to furthereconomic development, achieving the objectives of the national monetary policy, raising the convertibility of Vietnamese dong, achieving the objective of using only Vietnamese dong in theterritory of Vietnam, fulfilling the commitments of the Socialist Republic of Vietnam in theschedule for international economic integration, enhancing the effectiveness of State management of foreign exchange and perfecting the foreign exchange control system of Vietnam

Please see a reference translation at https://vinhphuc.eregulations.org/media/Ordinance%20on%20Foreign%20Exchange%202005_EN.pdf