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Bank to sell foreign currencies for overseas trips
From March 23, the East Asia Commercial JS Bank (DongA Bank) will sell various foreign currencies to customers who want to bring them overseas.
This happens in the context of the State Bank of Vietnam tightening trade in foreign currencies both on the official and unofficial markets.
The foreign currencies to be sold include USD, AUD, CAD, CHF, EUR, GBP, JPY, SGD, THB and CNY.
The maximum amount of foreign currency to be sold to a customer will be subject to the duration of the customer’s overseas stay. If the duration is less than 7 days, each customer can buy a maximum amount of foreign currency equivalent to US$300; and if the duration is more than 7 days, that amount is equal to $600.
In case of buying foreign currency for overseas medical treatment purposes, each customer can buy a maximum foreign currency amount equivalent to $600 for a stay of less than 7 days and $1,000 for a stay of over 7 days.
As for Vietnamese students who want to take overseas study, each student can buy a foreign currency amount equivalent to $100-7,000 in maximum per year.
Should the bank not have the currency customers need, it will sell euros to them.
If customers want to buy an amount of foreign currency that is higher than the above-mentioned limits, the bank will consider meeting their demand on a case to case basis, said Tran Phuong Binh, General Director of the bank.
However, the bank encourages its customers to use short-term credit cards with deposit paid in dongs, instead of bringing abroad a large amount of foreign currency, Mr. Binh said.
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