ANZ Bank permitted to provide forex services

The Governor of the State Bank of Vietnam (SBV) issued, on March 23, Document No. 1945/NHNN-CNH, asserting that the Australia and New Zealand Banking Group Limited (ANZ) Bank in Vietnam has met proper conditions to provide forex services in the domestic market.

Accordingly, the Bank is permitted to conduct foreign exchange services as follows:

- Spots, forwards, futures, options, and other types of FX transactions in line with international practice;

- Mobilization, lending and guaranty in foreign currencies in various forms set by the SBV;

- Acting as issuer and issuing agent of international payment cards;

- Domestic and international remittance and settlements; Acceptance and payment of foreign currencies;

- Provision of forex consultancy to customers;

- Other forex services in line with international practice and the Vietnamese law.

SBV requires the Bank to strictly comply with the Vietnamese applicable law on forex services and other relevant legal documents.

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