Credit institutions required to report foreign exchange balances of big economic entities

The State Bank of Vietnam (SBV) issued Document No.1535/NHNN-QLNH on February 25 to require credit institutions with forex service license to report the balances of the accounts in USD and other foreign currencies of state-owned economic groups and general corporations.

This document was to respond to the instructions of the Prime Minister in accordance with Resolution No.11/NQ-CP on February 24, 2011 on measures of curbing inflation, stabilizing macro-economy and ensuring social protection. The reports should be submitted to the SBV by March 4th.

Diem Hang

sbv

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