Wednesday, 09:29, 03/03/2021
Officials from the State Bank of Vietnam (SBV) and the Ministry of Public Security have warned that investment in foreign exchange (forex) trading floors is extremely risky and not protected by the country s law.
The State Bank of Vietnam (SBV) s Deputy Governor Dao Minh Tu speaks at the press conference
During the Government’s regular press conference on March 2, SBV Deputy Governor Dao Minh Tu said only credit organisations licensed by the SBV are allowed to supply services related to the exchange of foreign currencies or derivatives. Therefore, forex trading floors are currently operating out of line with Vietnam s legal regulations.